Search
-
IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
EconomyMacroeconomydeterioration of the current account. This is largely due to the oil deficit that exceeded 2 billion euros... deficit of 1.9 pct in 2022, with surpluses increasing from 1.1 pct of GDP in 2023 to 2 pct of GDP in 2027... and a primary deficit this year of roughly 2 pct, as things stand and assuming no escalation in relations
12% -
Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomyinflation is 2 percentage points above the latest estimates, and a benign one where inflation..., the ministry revises the primary deficit upwards to 2 pct of GDP, from 1.4 pct before... inflation on the contrary, pushes the primary balance above 2 pct of GDP this year and lower than estimates
12% -
Newsletter 336 - 06/05/2022
that the authorities submitted to Brussels last week. The deficit will only stretch to 2 pct of GDP... above 2 pct of GDP in the two subsequent years to 2025. This leads to a consistent downward path... conditions were evident in the steeper yield that exceeded 2 pct, drawing just 1.5 billion euros from just
12% -
NBG profits narrow to 208 mln in Q1
EconomyBankingvirtually unchanged, standing at 2 billion euros at the end of Q1, from 2.1 billion euros... million in 2021, was up by 2 pct to 373 million euros. Operating expenses in Q1 2022 were stable at 192... with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to -2 basis points
12% -
Where is Odysseus? Part 4 - Unemployment and Employment
Agora, and the natural rate will be somewhat lower.[2] Similarly, the ability to tailor the work week or working... for employment will be between the low and high scenarios, as indicated in Figure 2. The calculations... of Greece” (Amazon.com 2020). [2] For instance, labor markets in the US tend to be more flexible than
12% -
Where is Odysseus? Part 5 - Productivity
Agora.[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018... of real GDP, which is presented in Figure 2. Again, we show the current path as the solid line... of Greece” (Amazon.com 2020). [2] As we write these blogs, new shocks are hitting Greece and the world
12% -
Newsletter 351 - 16/09/2022
challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP... to deliver in the region of 2 billion euros of surplus before interest payments. Most such fiscal..., which in the region of 2 pct of GDP will provide the 4 billion euros needed to cover the interest
12% -
Newsletter 352 - 23/09/2022
: Greece will stick to its commitments and deliver the primary deficit of 2 pct of GDP, although... expected before. The budget impact will be 4.3 billion euros, or 2 pct of GDP, with the Transition Fund... by the ministry - barely moving above 2 pct.MacroeconomyCharts of the weekIndustrial turnover Greece
12% -
Tracking Greece's fiscal performance
Agora(and the drop in debt relative to GDP) will persevere. The primary balance. Figure 2 shows the general... adjustment between €5-10 billion (2½-5 percent of GDP) is necessary to restore a sound primary.... This benefit will pass as the ECB makes further efforts to bring inflation down to around 2 percent a year
12% -
Newsletter 376 - 31/03/2023
. The first Sunday of that month, July 2, is seen as the cut-off point for a second election..., which is expected to take place on May 2, will determine whether Ellines, the party of jailed Golden... will be dissolved anew by May 31, and new elections declared for July 2. The second contest would take place under
12%