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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomyis estimated at 5.1 percent this year and 3.6 percent next year. Previously, the estimates stood at 5.4... the estimates it published in the previous Fiscal Monitor in April. The IMF sees Greece’s overall fiscal... in 2023 and 2024 respectively. These headline estimates appear to leave the IMF isolated when
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Newsletter 284 - 12/02/2021
restrictions announced on Tuesday, those estimates are already looking dated. In Monday’s announcement... advance refunds allocation is doubling from the initial estimates to 3 billion euros for the first... estimates on a weekly basis, and current estimates are that the support bill for 2021 will come to 11
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The key numbers behind the latest Greek proposals
EconomyProgramme23. However, it is not clear whether the government later changed those estimates or whether... the corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... with estimated revenues at 100 million per annum in 2015-2016 5) Extension of luxury tax with incremental
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme. This resulted in IMF lowering its real GDP growth estimates by 50 basis points to 1.5 percent... into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12... for the 3-year period. It is noteworthy that IMF estimates that Greece would complete prior actions
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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Economyof more than 24 billion euros, 13 percent of GDP, which the Eurogroup estimates will see Greece covered up to mid-2020. Fitch estimates that Greece is fully funded until 2022, which is a significant... 2022 then dropping to under 3 percent from 2024. Fitch estimates Greece’s GFN to stay below 9
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeestimated, based on the General Accounting Office’s estimates which accompanied the bill... installment schemes for tax and social insurance contributions arrears. The Commission estimates the package at a cost of 1.1 to 1.4 percent of GDP, essentially double the Greek estimates. The gap stems
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyin the fourth quarter of 2013. Based on these forecasts, BoG estimates the internal capital... fourth review estimates (July 2013) and incorporate: GDP rebound of 0.6 percent in 2014, 2.9 percent... and Panellinia, increase to 6.381 billion. The released figures were estimated by the BoG on the basis
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economyto ease debt servicing. In addition, he outlined a national plan for reconstruction at an estimated... is estimated at 2 billion euros. SYRIZA leader stressed that the implementation of those measures... electricity to 300,000 households below the poverty threshold (estimated cost at 59 million), subsidized
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IMF raises forecast for primary surplus but differences with European lenders remain
EconomyMacroeconomyFollowing the publication of its macro estimates in the World Economic Outlook (WEO), the International Monetary Fund issued on Wednesday its latest fiscal estimates in the Fiscal Monitor, where... at 2.9 percent of GDP, up from 2.2 percent previously, a number closer to the fiscal estimates
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economyestimates by the authorities that the situation could be contained within the second quarter of the year..., like tourism, from a total collapse. Most international estimates converge towards Greece facing... to be extended into May, and highly likely June. The authorities’ reported estimates for funding needs
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