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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgramme, the report notes that those fiscal savings’ estimates are upper bounds as households would be likely... of the gradual nationwide roll-out of the GMI scheme. Its cost is estimated at 0.5 percent of GDP... potentially be rationalised, reformulated or consolidated. Those benefits are estimated to amount to 1.79
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeaturesmultiplier effect is added in, which estimates that for every 1 euro of tourism revenue generated... stemming from the collapse of Thomas Cook were estimated at 315 million euros. Out of the total, 138.2... other than hotels partnered with Thomas Cook were estimated at 114.1 million, and those from
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Newsletter 244 -20/03/2020
to one million employees according to the latest estimates. In the next phase of its response... closure, it is estimated that only around 600,000 of those who will become unemployed due to businesses... estimated that their turnover would drop by 51 percent in 2020 based on room rates. For conference rooms
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomy. For 2019, the Fund sees the budget in complete balance, leaving its estimates unchanged from the previous FM. It is worth highlighting the Fund has substantially revised its fiscal estimates since the FM... primary balance was estimated at 3.8 percent this year and 4.1 percent in 2019. General government
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Newsletter 333 - 01/04/2022
budget at the end of November, it resisted calls to revise its estimates on inflation. It did so despite rising energy costs at the time, and based all its estimates on a rather benign average inflation... revenues at 37 pct, while special consumption taxes are estimated at 14 pct of revenues. Just those two
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyprevious estimates published on May 6. For 2015, OECD expects GDP to accelerate to 2.3 percent (from 1.9 percent before) and further to 3.3 percent in 2016. The OECD’s new estimates for 2014... for 2014 and 2015 respectively, 1-1.5pp better than its previous estimates. For 2016, the gg balance
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Greek Q2 growth of 0.8 pct confounds recession forecasts
EconomyMacroeconomyestimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday. The released figure... estimates due to be released on August 28 will included more updated figures, including the June period. The flash estimates also displayed the year on year (YoY) GDP growth rate accelerated to 1.4 percent
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomya revision of the seniority premium. The OECD estimates that product and labour markets reforms... level. The organisation estimates that reforms implemented in 2010-2014 would have an impact of 5.6... percent in 2017. The OECD estimates inflation will resume as of this year with the harmonized index
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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomyof 2018. Following two recessionary years, the BoG estimates a strong GDP rebound of 2.5 and 3... and gradual restoration of confidence. The BoG estimates growth of 10.8 and 12.1 percent... recovery of demand and the impact from the indirect taxes. BoG estimates that the impact of the rise
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyforecasts published on Thursday. As expected, the EC revised its GDP growth estimates downwards for 2017... at the same rate as in 2017 by 1.4 percent. Meanwhile, the EC upped its unemployment rate estimates...). Furthermore, the EC noted that its fiscal estimates do not incorporate the ongoing revenue administration
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