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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomywith a modest fiscal path in the coming years, which is less ambitious than that of the European.... This fiscal path is more modest and slower than the one envisaged by the eurozone lenders, who
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PM goes big on minimum wage increase, but opposition unmoved
PoliticsGreek Politics. Communist Party KKE noted that the new nominal minimum wage is lower than it was 13 years ago. Covid... rather than needing to have them enforced. Higher vaccination rates, falling infection numbers
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economyof dropping by more than 10 percentage points this year to 183.6 pct, leading to 160.2 pct by 2025... consideration if reforms continue, and the budget and growth performance is better than expected. On the other
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SYRIZA and KINAL focus on settling internal issues as they clear path to elections
PoliticsGreek Politicsthan delegates. The vote for both has been scheduled for May 15 and will undoubtedly be the focus... that the aim is to increase the number to more than 80,000. It will also be important for Tsipras
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Newsletter 336 - 06/05/2022
to their current levels, but would still be 30 pct higher than before the crisis began. The change... than energy imports from the latter, and the help of EU funds, it is still at 3.1 pct in real terms
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Changes to energy subsidies aimed at winning over middle class
PoliticsGreek Politicsthat rely on electricity, rather than oil or gas, for their heating during the winter. The new..., halve the bills compared to their current levels, but would still be 30 pct higher than before
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Implementation snags hang over ambitious post-Covid recovery plans
PoliticsGreek Politicsas more key to economic recovery than ever in light of record inflation and uncertainty over... to have lost 1.2 ppts since April, with smaller parties making marginal gains. More than half
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Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln
EconomyMacroeconomy2021. The overall balance is better than the target by 1.65 billion euros. Revenues Net revenues... the target by 638 million. PIB expenditure came to 2.56 billion euros, higher than the target by 728
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Mitsotakis underlines geopolitical and ideological links between Greece and US
PoliticsGreek Politicsare threatened from within rather than by authoritarian regimes. He also called on the US to continue... forthright in his criticism of Russia and Vladimir Putin than Greeceās neighbour, accusing Mitsotakis
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New energy subsidy scheme nearing launch as public remains sceptical
PoliticsGreek Politicsnet annual income of less than 45,000 euros. The rollout of this programme was trailed in a recent... to be fought over day-to-day issues such as energy costs rather than foreign policy. ND has a distinct
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