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Here's why IOBE think tank sees Greek economy growing 0.7 pct this year
Economyconsumption by 1.8 percent in 2014. The drop in public consumption is anticipated to decelerate... percent drop in imports. Export growth is entirely driven by services on the back of stronger... or marginally drop in 2014. For the economy to achieve high growth rates, IOBE suggests that lending
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Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
Societydrop of 3.6 percent. In terms of the number of rooms per person, Greece has the lowest ranking at 1.2... showed a drop of its share from 12.8 percent in 2008 to 8.4 percent in 2012. In contrast, the lowest... for non-Greek migrants exiting the country was the drop in the construction activity since more than half
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Greek CPI falls at slower pace of 0.7 pct in July
EconomyMacroeconomyThe drop in the Consumer Price Index (CPI) decelerated for the second straight month to 0.7 percent...). The July reading indicates the slowest drop in the CPI so far in 2014 and since July 2013. Greece has been... in the harmonized CPI, which slipped 0.8 percent year on year and 1 percent month on month. The year on year drop
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomythe estimates for a -0.4 percent drop. The first quarter was revised downwards to -1.1 percent from -0.9.... The largest drop in second quarter economic activity was recorded in 2011 with a decline of 8 percent, followed by a drop of 7.4 percent in 2012 and 4 percent last year. The Greek economy plummeted
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Industrial production drops 2.1 pct in July but rate of decline slows
EconomyMacroeconomyThe rate of drop in the Greek Industrial Production Index (IPI) slowed to 2.1 percent in July after... production recorded a double-digit drop (-12.2 percent), while water supply production slipped 1.1... the sharpest drop (-33.2 percent) in July, following a series of strong positive performances
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Building activity falls 10.7 pct in June after brief rise in May
EconomyMacroeconomyat an accelerating pace of 17.9 and 39.9 percent respectively. The year on year drop in June building permits... the highest drop at 27.8 and 27.1 percent respectively. In contrast, permits in South Aegean and Crete soared... 7.3 percent in Q2, while the cumulative drop stands at 36.3 percent from the peak posted in Q3 2008
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Greek primary budget surplus to August narrows to 1.95 bln on lower revenues
Economyin July. This is mainly attributed to a month on month (MoM) drop in revenues to 3.51 billion, broadly... billion. The rate of drop in revenues (excluding tax refunds) accelerated to 19 percent in August... by 0.6 percent in August. However, the 8-month figure points to a 5.1 percent drop to 27 billion
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Greek trade deficit widens by 29.4 pct in July as import rate soars
EconomyMacroeconomylast year. The evolution in July reflects a slight drop in exports by 1.1 percent and an increase... rate stems from a drop in exports by 4 percent and a rise in imports by 2.2 percent. The absolute..., the 7-month exports recorded a slightly slower drop at 2.9 percent, while imports showed a higher
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Apartment prices fall at slower rate of 7 pct in Q3
EconomyMacroeconomynegative reading since Q2 2011. BoG data also showed that the drop in appraisals significantly... in 2013. Appraisals also relate to the evolution of building activity, which posted a cumulative drop..., incorporated in ECB comprehensive assessment for Greece, point to a further drop by 7.7 percent
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Greek deflation eases slightly to 1.2 pct in November
EconomyMacroeconomyThe drop in Greek consumer prices slowed to 1.2 percent in November from 1.7 percent in October... and communication, remained almost flat YoY. In contrast, the sharpest drop in prices was posted.... Although easing to 1.2 percent in November, the 12-month trailing index firmly indicates a drop above
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