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Revised GDP data shows recession for 2016, higher growth in 2014
EconomyMacroeconomyAccording to the Hellenic Statistical Authority’s (ELSTAT) second estimate for the 2016 Annual... an initial estimate of 0.1 percent growth. ELSTAT also revised the national accounts for the years... compared to an initial growth estimate of 0.6 percent. Expenditure of households dropped by 0.1 percent
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomyof the flash estimate. All key GDP components fell QoQ. The most significant drops were seen... 2015, the Hellenic Statistical Authority (ELSTAT) provisional estimates showed on Monday. The headline figure is slightly worse than the 0.4 percent QoQ contraction in the flash estimates released
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EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
EconomyMacroeconomyadjustments for the Greek growth outlook from the previous estimate in May. The Commission for 2024 sees... in 2025, falling below the 2 percent threshold in 2026. In the estimates in May, inflation for 2024..., dropping to 9.8 percent next year and 9.2 percent in 2026. This is broadly in line with the estimates
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Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
EconomyMacroeconomyin 2013, which was slightly milder than the initial official recession estimate of 4.2 percent... 2008 with a cumulative drop of 22 percent until 2013. The fall during Q1 2014 means that GDP... Commission and the IMF estimate GDP will rebound by 0.6 percent in 2014. Projections made by the Bank
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GDP growth slows to 0.3 pct QoQ, investments underwhelm
EconomyMacroeconomyand by 0.4 percent QoQ. The data during the first nine of the year indicate annual growth of 2.3 percent, which is in line with the finance ministry’s latest estimate for the year. Outlook According to the latest Finance Ministry estimates included in the final 2025 budget, the estimate for 2024
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PM briefs EU leaders on migration stance as Turkey tries to pin blame on Greece
PoliticsForeign Policythat Turkey has usually interpreted it. Libya There is a possibility of a ceasefire in Libya within the next.... But, according to government spokesman Steffen Seibert, Merkel told Haftar that the situation in Libya... that will take place in Libya's international waters aiming to preserve the UN arms embargo. The new
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Newsletter 180 -26/10/2018
Kammenos and Kotzias. The latter resigned after he was allegedly accused by the defence minister during... euros, or 176.1 percent of GDP, which is lower than the 178.6 percent in April’s estimate, mostly thanks... April’s 180.8 percent estimate. Meanwhile, the issue of whether pension cuts can be avoided next year
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Newsletter 419 - 05/04/2024
worrying, with Greek HICP growing by 1.8 pct month-on-month. This comes during a period..., there is a critical mass of evidence that the Finance Ministry’s estimate of 2.9 pct will likely be out of reach. The Parliamentary Budget Office (PBO) this week released its latest estimate
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeatures, with the exception of emergency supplies to Bulgaria during the Russia-Ukraine crisis of 2009... shipments becomes crucial in a supply disruption. During the Russia-Ukraine gas dispute of 2009, Greece... with enough volume to cover two days of demand. More recently, during the extended cold weather of January
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Govt calls on local businesses and banks to free up capital for investment
PoliticsGreek Politics. As such, and having provided ample support to local businesses during the pandemic (the total state backing during 2020 and 2021 is expected to reach more than 40 billion euros) Mitsotakis is expecting... official estimate. He added that there will be a clearer picture once the third quarter is completed
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