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  1. EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
    Photo by MacroPolis

    Economy

    at 2.1 percent of GDP in line with Greek government latest estimate of 2.2 percent. Similarly, the EC...). The rebound in gross fixed capital formation is estimated at 5.3 percent in 2014 (from 8.4 percent before

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  2. Here's what's in the 2015 draft budget the Greek government has just unveiled

    EconomyMacroeconomy

    plan neither an estimate of privatization proceeds. Bonds Following the issue of 3- and 5-year bonds...) and a higher growth in exports (+5.2 percent) compared to imports (+2.2 percent). In contrast... for 2015 is now estimated at 5.42 billion euros, which corresponds to 2.9 percent of GDP. This is higher

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  3. Greece on track for bumper tourism year, figures show
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    showed that arrivals to the country came to 27.2 million visitors, surpassing the estimate of 26... arrivals increased by 17.6 percent to 2.2 million passengers. Road arrivals also rose by 1.1 percent... to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors

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  4. Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    level of 5.2 percent. Unemployment will drop to 18.2 percent next year, from 19.6 percent estimate... main categories, with tax revenues increasing by 2.2 percent year on year to 46.42 billion euros... place and was initially estimated at 7.3 billion euros. Based on the programme methodology, next year’s

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  5. Newsletter 221 -27/09/2019

    Newsletters

    with the European Commission’s current estimate of 2.2 percent growth, and 2.1 percent for this year... will be hit particularly hard. The Greek Tourism Confederation (SETE) estimated that the economic losses

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  6. S&P moves Greece closer to investment grade, puts focus on budget and growth
    Photo by MacroPolis

    Economy

    on a 2.2 pct of GDP primary surplus in 2024. The debt-to-GDP ratio is estimated on a sliding path.... This is underpinned by an estimate of average growth up to 2025 of 3 pct. The stable outlook reflects

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  7. Trump's tariffs create gloomy economic environment for vulnerable Greece
    Image: MacroPolis

    EconomyMacroeconomy

    agricultural and food products were close to 31 pct. In an estimate last month, Bank of Greece had assumed 10... exports had a difficult time in recent years, as total exports continued to decline, falling by 2.2 pct..., with the US being the second largest market with a 5.4 billion euros share. It is estimated

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  8. Newsletter 467 - 20/06/2025

    Newsletters

    CPI at 2.5 pct and Eurostat’s HICP was at 3.3 pct, when the EU relevant index was at 2.2 pct and 1.9... for adverse developments to materialize and the 2.3 pct growth estimate of the Greek authorities appears.... Last year, more than 620,000 tourists from Israel visited Greece with estimated receipts of almost

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  9. Conflict in Middle East puts fresh pressure on economy

    EconomyMacroeconomy

    pct, when the EU relevant index was at 2.2 pct and 1.9 pct for the euro area. Due to structural... and the 2.3 pct growth estimate of the Greek authorities appears to be getting out of reach.... Israel visited Greece with estimated receipts of almost 420 million euros via 3.9 million overnight

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  10. Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates

    EconomyMacroeconomy

    previous estimate for a GDP contraction of 0.7 percent expected in early February. In specific, EC... 2015, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday. The headline... is the highest negative reading since Q4 2014. ELSTAT said flash estimates are expected to be revised upon

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