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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
EconomyIn the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher. BoG pres...
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Economic sentiment improves by almost 2 pts in Apr, consumer confidence dips
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded an improvement in April, rising by 1.8 points to 108.8, after falling by 0.9 points in March, according to European Commission figures released on Thursday. Sentiment has been improving in five of the last six ...
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March unemployment falls by almost 2 points YoY to 10.9 pct, jobless numbers down to 2009 levels
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate was marginally lower in March, edging down to 10.9 percent, after rising to 11.3 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In March last year, the unemploym...
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Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
EconomyMacroeconomyGreece’s industrial turnover remained in growth territory in March, slowing down considerably to 1.5 percent year-on-year (YoY), February, from 6.7 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursda...
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Corporate, income taxes and VAT propel tax outperformance in July above 2 bln
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.67 billion euros in July, compared to a surplus of 3.56 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Up...
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Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...
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Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...
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Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
EconomyMacroeconomyThe Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomybillion euros showing a marginal rise by 6 million compared to the corresponding period last year... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point to a surplus of about 2 percent in 2014. The key risk to the BoG’s short-term projections lies
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S&P upgrades Greece one notch to B, sees growth in 2015
Economy’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than... of 2 percent of GDP in the next three years, which is less than half the 4.5 percent target... foreign bond placements. The remaining amount of 6 billion will be partly met by Greek banks repaying
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