Search
-
Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomy. Following the better-than-expected GDP outcome in the 9-month period, BoG upgraded its macro estimates... than expected dampening effect on the economy. An additional risk involves the existing gaps... by 11.3 percent, which corresponds to more than 100,000 NPls, mainly focusing on long-term solutions
3% -
Newsletter 104 - 27/01/2017
be. Tsakalotos claimed that all the participants acknowledged that the Greek economy performed better than... to 101.8 percent in Q1 2016. In addition, the household debt over assets ratio more than doubled, from... published by the Finance Ministry. The overperformance reflects higher-than-expected revenues (up by 1.88
3% -
Newsletter 106 - 10/02/2017
some of the measures that the IMF is demanding. risk of committing the coalition to more than... 4 billion euros, in contingent measures to be legislated now. This probably more than the coalition... percent. The number of bank employees in the Greek market has dropped by 29 percent, or more than
3% -
Athens grapples with awkward reduction of tax-free threshold
EconomyProgramme. The IMF has repeatedly stressed that more than half of Greek wage earners are exempt from paying... or two children respectively. It remained unchanged for families with more than 3 children... to 2,100 euros (for families with more than three children. It is worth noting that those tax-free
3% -
Newsletter 108 - 24/02/2017
than tripled, peaking at 27.5 percent in 2013, while it decreased by more than 2.5 percentage points..., respectively, coupled with a slightly higher goods deficit by 35 million, which more than offset... to 46.5 percent of new hirings from 41.8 percent in December. In addition, more than 41 and 17 percent
3% -
Newsletter 110 - 10/03/2017
from just 31 million last year, which more than offset the deterioration in the fiscal outcome... continue to hold the lion’s share, making up 80 percent of car sales, while more than 57 percent... of car sales, while more than 57 percent are registered in the Attica prefecture. Following the strong
3% -
Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesbillion euros. It will increase to almost 4.2 billion between mid-July and April 2018 and to more than 5... is delayed significantly, the impact on bond yields would be lower than initially estimated and would... since last May, having sold more than 10 billion euros of EFSF bonds and recording trading gains
3% -
Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1... above where it was by 2015. The tax wedge stood at 40.2 percent in Greece in 2016, more than 4 pp higher than the OECD average figure, which edged down 0.1 pp to 36 percent. The deviation of the Greek
3% -
Study finds contrasting trends in Greek health during crisis
SocietyThe impact of the economic crisis in Greece on health has been more nuanced than previous reports... medical assistance or take tests has more than doubled from 10 percent in 2010 to almost 22 percent.... For example, in 2014 there were 174 more suicides in Greece than in 2009. However, as the study underlines
3% -
IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyreflects the weaker-than-expected GDP outcome in the fourth quarter (Q4) of 2016, as well as the negative... stands at 1 percent for 2022, lower than its previous forecast of 1.8 percent for 2021. The report also... points (pp) within 2018 is much lower than that (-1.9 pp) estimated for this year. Consumer prices
3%