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Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
EconomyMacroeconomyand other deposits were up by 98 million to 36.62 billion. Corporate deposits increased by 3.29..., increased by 5.32 billion euros to 201.62 billion euros, after an 927-million euros drop in November.
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Trade deficit drops by 20 pct in 2023 despite contraction of exports
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday. The deficit came... billion euros. For the full year, imports from EU countries were almost unchanged, up by 0.2 percent
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Industrial production concluded 2023 with modest annual growth of 2.2 pct
EconomyMacroeconomyrecorded a rise of 0.7 percent, after a drop of 4.1 percent in the previous month. The annual movement... in manufacturing, while water supply was up by 1.1 percent. Mining had the strongest growth of 14.4
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European Commission leaves 2024 growth estimate of 2.3 pct unchanged
EconomyMacroeconomyGDP growth. Investment is expected to pick up significantly as the RRF implementation gains..., from HICP of 4.2 pct last year to 2.7 pct in 2024 and drop further to 2 pct in 2025.
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GDP continued to slow in Q4, rise for 2023 at 2 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP had marginal gains in Q4, rising by 0.2 percent quarter-on-quarter (QoQ), from a 0.1 percent drop in Q3, provisional data from the Hellenic Statistical Authority... GDP grew by 2 percent, with final consumption up by 1.8 percent, investments down by 0.5 percent
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ND names MEP candidates with eye on loss of support to hard right
PoliticsGreek Politicsfrom taking up his position by the Albanian authorities, sparking a long diplomatic row between.... Should its support drop below that level, there will be pressure on Mitsotakis and his team
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IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses
EconomyMacroeconomythis year and will remain at that level during the forecast horizon up to 2029. The overall budget balance will drop from a deficit of 1.6 pct of GDP last year to less than 1 pct of GDP in 2024
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Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
EconomyMacroeconomyFollowing a disappointing result in the European Parliament elections on June 9, in which New Democracy fell almost 5 points short of its own target of 33 pct and experienced a sharp drop in support... polls by opposition parties. The French spread over bunds shot up to 74 basis points mid-week
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Credit expansion reaches just 66 mln of inflows in May
EconomyMacroeconomywas positive by 105 million euros, after a drop of 730 million euros in April. Within corporate lending, the flow of credit to non-financial corporations was up by 78 million euros. The balance stood at 67.1
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Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance
Economysurplus of 2.5 pct of GDP up to 2027, beating the previous 2.1 pct of GDP outlook. This leads to modest... on a favourable trajectory that will drop from the high of 207 pct of GDP in 2020 due to the pandemic
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