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  1. Travel balance improves significantly in first two months of 2022
    Photo by MacroPolis

    EconomyMacroeconomy

    was significantly higher than the 5.4 million euros recorded in February 2021, However, lower than... of the same period last year, but lower than the 168.5 million euros of 2020. Average expenditure

    3%

  2. OECD finds tax cuts linked to pandemic helped reduce wedge on labour
    Photo via http://www.oecd.org/

    Economy

    for single earners without children, with figures around 40 pct. Greece remains in the lower half... that were introduced during the pandemic as they improve disposable incomes and lower the cost of labour

    3%

  3. Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts

    EconomyMacroeconomy

    in February 2021, a 16-month run. Lower new orders and weak client demand drove a decrease in output... average. As expected, the rate of job creation eased as lower new orders and reduced capacity

    3%

  4. Fitch leaves rating and outlook unchanged, underlines fiscal performance key to higher grade

    Economy

    economy, and this has led Fitch to lower its estimate for this year to 3.5 pct, from 4.1 pct previously, and next year is also seen lower to 3.2 pct and a further slowdown to 2.8 pct in 2024. The recent

    3%

  5. Where is Odysseus? Part 5 - Productivity
    Photo via https://flic.kr/p/2cusZTV

    Agora

    employment”, but instead only “lower taxes.” So, how is the employment boom paid for? In fact, with public...). The bill for higher government employment comes at the cost of lower productivity for the country

    3%

  6. Back-to-back contraction for PMI in Aug reflects tough conditions for manufacturing

    EconomyMacroeconomy

    , attributed to lower new order inflows and weak client demand. The latest survey found that the new.... Lower production also led to a decrease in purchasing activity, falling at a solid pace for four

    3%

  7. Where is Odysseus? Part 6 - Potential real GDP
    Photo by MacroPolis

    Agora

    find that in case that the population numbers trend toward their lower Eurostat scenario... compounding over a period of 80 years, and Greece starts 2022 at a lower base, because the Covid

    3%

  8. Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month

    EconomyMacroeconomy

    of change slightly elevated from August. Subdued demand and lower new orders led to the second monthly fall in employment, though the decrease in workforce, stemming from lower production requirements

    3%

  9. Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    euros in 2022. For 2023, spending is expected to be contained to 69.41 billion euros, lower by roughly 3 billion euros, mostly thanks to lower transfers by 1.3 billion euros. This combination will bring

    3%

  10. Preliminary Sep budget records 37 mln primary surplus as taxes outperform by 4.9 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    a mixture of not allocated expenditure of 1.91 billion euros and 654 million euros of lower fixed asset... of revenues from workers’ lower insurance contributions. A similar grant to EFKA of 150 million euros due

    3%