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IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses
EconomyMacroeconomyunchanged, with the growth estimate at 1.9 pct. The Fund remains significantly more conservative than... will drop from a deficit of 1.6 pct of GDP last year to less than 1 pct of GDP in 2024
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Mitsotakis tempers expectations for EP vote, Kasselakis talks up prospects
PoliticsGreek Politicsthe government’s performance should be the 2019 results (rather than last year’s national elections... Parliament elections, rather than last year’s national vote, because he will be able to argue that his
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Corporate taxation, underspend lead to 3 bln primary surplus in March
EconomyMacroeconomy. The overall balance is better than the target by 773 million euros. Revenues Net revenues stood... million below the target. Income tax revenues came to 5.11 billion euros, 563 million higher than
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Manufacturing continues to expand in April, firms remain optimistic
EconomyMacroeconomymanufacturing sector have been improving for more than a year. Although this is the lowest print... growth. Although softer than seen in the preceding two survey periods, rates of expansion were
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomythan the previous estimate at 2.8 pct growth, from 5.6 pct. This is also significantly below... of years, it is seen growing to more than 15 pct of GDP by 2025. In 2024, total domestic demand is seen
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Primary balance at 3.25 bln in Apr, above target thanks to favourable timing
EconomyMacroeconomy-euro deficit in April 2023. The overall balance is better than the target by 2.42 billion euros... were 2.15 billion euros, 48 million more than the target. Expenditure By April, overall expenditure
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Newsletter 423 - 17/05/2024
break is gradually shifting towards the EP elections that are less than a month away, the economic... with London when incomes are factored in. By the same metric, Athens is only more affordable than Tel
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Mitsotakis raises bar for EP vote success as fringe parties and abstention hold key to result
PoliticsGreek Politicsare now seen as holding the key to the allocation of seats. Less than three weeks ahead of election day... was to win 8 seats rather than 7. In his latest speech, he upped the ante to 9 seats, stressing
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Party leaders dispute response to cost-of-living crisis
PoliticsGreek Politics(more than a quarter of Greece’s annual GDP). He said that this was based on calculations made... increased at a higher rate than the EU average since July last year. He said that the gap between
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Primary surplus of 3.28 bln confirmed for Apr as timing and taxes support budget
EconomyMacroeconomy. The overall balance is better than the target by 2.45 billion euros. Revenues Net revenues at 22.54..., 841 million above the target. Income tax revenues came to 6.25 billion euros, 803 million higher than
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