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PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomyFollowing the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth...
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During crisis, proportion of Greeks in extreme poverty has risen almost seven times to 15 pct
SocietyThe percentage of Greek citizens living in extreme poverty increased from 2.2 to 15 percent... living in Athens and paying rent or a mortgage. While no more than 2.2 percent of the population lived... by the University of Macedonia in Thessaloniki, estimates that just under 1.65 million people in Greece
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Newsletter 202 -12/04/2019
to real growth of 2.2 percent in 2020. Growth is then seen slowing down, setting at 1.2 percent in 2022... (MoM), the index also showed a rise of 2.9 percent after a drop of 2.2 percent in January... percent by 2024. Unemployment estimates are also unchanged at 18.5 percent in 2019 and 17.5 percent
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingsince early March, totalling 2.2 billion since the start of the year. Funding costs (i.e. interest... and rose to 2.2 billion in the year to date, which is in line with the bank’s new loan origination target.... Impairments came to 324 million in light of revised macro estimates. The impact on trading results
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Newsletter 433 - 13/09/2024
pct of GDP by 2027. This will have to materialise while growth will be moderating its year, from 2.2 pct in 2024, again below the recent government estimates, to 2.3 pct next year, 2 pct in 2026... also lost the effects that inflation has on indirect taxes as CPI is seen moderating to 2.2 pct next
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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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Newsletter 335 - 15/04/2022
the baseline assumptions and on the fiscal side Greece is expected to keep a primary surplus of 2.2 pct... expected to grow in the coming years, a 2.2 pct of GDP primary surplus is sufficient to cover debt... flexibility in extending support measures. The new estimates that will be incorporated
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Newsletter 119 - 19/05/2017
, pointing to a faster GDP rebound of 2.1 and 2.2 percent, respectively. Budget primary balance records... estimates for 2017. The budget primary surplus (on a modified cash basis) for 2017 was upwardly revised... with further increases in the limit for overseas money transfers. 2 GDP edges down in Q1 ELSTAT flash estimates
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