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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyyear on year compared to IMF’s estimate for a growth of 0.7 percent. The European Commission (EC... of Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth.... For 2018, the IMF expects GDP growth to accelerate to 2.7 percent, while its medium-term estimate
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammewilling participants in the issue or pay off those that decline to roll over, thereby creating... obligations in the last month of each quarter. Greece has also to pay in March more than 1 billion euros..., the Greek state has to pay in cash 2.61 billion euros in March, which could increase by over 800
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Govt offers pensioners 1.4 bln in backpay, opposition questions decision
PoliticsGreek PoliticsThe long-awaited decision on compensating pensioners for retirement pay cuts ruled unconstitutional... might adopt a more generous interpretation of the ruling and award back-pay universally.... Pension back-pay is not the only legacy of the financial crisis that the government is having
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Newsletter 3 - 14/11/2014
. It also expressed its opposition to a law passed last month allowing taxpayers to pay off their debts... the troika reportedly estimates at 2.6 billion euros as it believes that the law passed last month allowing taxpayers to pay off their overdue taxes in up to 100 instalments will create an additional
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Newsletter 65 - 04/03/2016
of a primary surplus of 3.5 percent of GDP. In contrast, the EC and the government estimate a lower... percent contraction it foresaw in its flash estimate on February 12. The reported figures point... lower than the initial estimate incorporated in the third bailout programme of a recession of 2.3
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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomy. Athens now sees 2017 growth settling at 1.6 percent, well below the initial estimate. The Finance...). In fact, private consumption only grew by half the original estimate, 0.9 percent. Investment also reached just over half the estimate, increasing by 5.1 percent. The growth of exports did
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyfor 2016. The MoF, Bank of Greece (BoG) and the EC estimate a mild GDP contraction of 0.3 percent, while OECD’s estimate stands a bit lower at 0.2 percent. In contrast, IMF sees a marginal GDP expansion of 0.1 percent. For the full year MoF and EC estimate of a GDP contraction of 0.3 percent to be met
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyin July. Despite the recorded outflows, banknotes in circulation fell for the first time since November... or under mattresses as in the previous months. Over the past eight months, banknotes in circulation have
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyprocess. BoG data also displayed banknotes in circulation marginally rose by around 50 million to 50.18... banknotes in circulation increased by 20 billion, corresponding to 45 percent of the recorded private sector
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomy. Despite the slight inflows in August, banknotes in circulation marginally rose by 47 million on that month. Over the last nine months, banknotes in circulation have risen by 20 billion euros
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