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  1. OECD sees recession in 2015-16, stresses need for reform implementation

    EconomyMacroeconomy

    its jobless estimate for 2016 was kept broadly unchanged at 24.8 percent. Greece will remain...In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates... previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD

    4%

  2. S&P highlights risks for Greek banking sector

    Economy

    2017. The rating agency reiterates its estimate for zero GDP growth in 2016 and strong rebound of 3... during the crisis weigh on Greek banks’ financial profiles. The rating agency estimates banks’ non... by the end of 2017. S&P estimates that credit losses will continue to exceed pre-provision income

    4%

  3. IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct

    Economy

    percent and Greek government’s estimate of 0.63 percent. For 2017, the IMF estimates a primary surplus... outlining its fiscal estimates. It is worth noting that the fund had not updated its fiscal... tabled on Monday, the Greej Finance Ministry estimates debt to GDP ratio at 178.9 percent in 2017

    4%

  4. BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
    Photo via http://www.delphiforum.gr/

    Economy

    recession in its previous estimate, to 7.5 pct. This is in line with the European Central Bank’s estimates and is based on the latest official data from ELSTAT, which sees Greek GDP dropping by 7.9 pct... Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic

    4%

  5. New fiscal measures aim to edge Greece closer to deal with lenders
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    list submitted in late March, MoF sources told Kathimerini that the current estimate has now been reduced to 0.5 percent. The Commission estimated in its spring economic forecasts published earlier... that the government is currently considering to cover the estimated fiscal gap involve: 1) A unified VAT rate between

    4%

  6. The key points from Greece's proposal to lenders

    EconomyProgramme

    ). For 2017-19 the privatization proceeds are estimate at 2.12 billion, yet the bulk (1.59 billion... at 1.06 billion in 2015 5) Tax on television advertisements with estimated revenues at 100 million... for the collection of revenues related to automobile ‘KTEO’ fines and uninsured vehicles (estimated revenues at 120

    4%

  7. Greek housing market at new juncture as Covid-19 shakes foundations
    Photo by MacroPolis

    EconomyFeatures

    availability of long-term rentals. According to one estimate published by rental platform.... It is estimated that the golden visa programme attracted upwards of 2 billion euros of foreign investment.... Over the period June 2018-May 2019, a study by the tourism industry association INSETE estimated

    4%

  8. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent... worse than the 3.7 percent indicated in flash estimates. GDP contraction in 2012 was also revised... the 4-percent mark forecast by the Greek government and latest European Commission estimates published

    4%

  9. Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
    Photo by MacroPolis

    Economy

    of the domestic economy by 0.6 percent this year. ELSTAT is due to release its flash estimate for Q3 GDP.... Following October’s impressive figures, SETE upward revised its estimates for 2014 international tourist... euros in the 8-month period. SETE did not upgrade yesterday its revenue estimates, which call for direct

    4%

  10. Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
    Photo by Harry van Versendaal

    Economy

    The Hellenic Statistical Authority (ELSTAT) published on Tuesday its second estimate of Greece’s... household consumption expenditure for 2010-2013 and new estimates for 2014, incorporation of analytical... the recession was more than 1.3 billion deeper than previous estimates suggested. The breakdown

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