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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomymonth by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economytargets. In specific, a primary deficit of zero to 1 percent is now projected for 2015, a primary balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However... the next three years, the EC projects they would reach 81.7 billion and stem from: 1) Bank
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Newsletter 209 -07/06/2019
7 vote In what will probably be its last act as a government, SYRIZA was due to adopt legislation... spot ahead of the July 7 vote, possibly resulting in a situation where SYRIZA can argue... have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being
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Where is Odysseus? Part 6 - Potential real GDP
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... and bigger recovery of Greece. In blog 20, however, we documented a glitch, because productivity per... scenario to account for uncertainty. Then, in blog 20, we updated the long-run baseline outlook
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Where is Odysseus? Part 2 - Uncertainty
Agorawith data through mid-2018.[1] The book presents a long-run baseline scenario for Greece to help make... pressures. In Part 1 (Blog 16) of our follow up, we recalculated the baseline demographic outlook... looking uncertainty interval. Consider Figure 1 below, which shows not a single updated demographic
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Newsletter 54 - 04/12/2015
. At the same time, tax arrears have increased by around 1 billion per month, to reach a total of 10.38... on November 20 and is due to be voted on December 5, foresees revenues of 49.11 billion in 2016, up by 1 percent on the 2015 figure of 48.62 billion. The Finance Ministry has incorporated revenue
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Labour Force Survey, Quarterly, 20 - 24, Unemployment Rate
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Ministry of Finance - Greek Reforms in the Context of February 20, 2015 Eurogroup
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Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
EconomyMacroeconomyΤhe number of road motor vehicles (going into circulation for the first time) rose, albeit at a slower pace, by 21.7 percent in June from 27.9 percent in May, according to the Hellenic Statistical Authority (ELSTAT). The June headline figure indicates t...
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PMI jumps to 58 points in May, strongest upturn in 20 years
EconomyMacroeconomyGreece’s manufacturing PMI rose to 58 points in May from 54.4 points in April, signalling that the sector is poised for a strong rebound, according to the latest data from Markit. According to Markit, readings over 50 indicate overall improvement. The l...
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