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Vast majority of Greeks pessimistic on prospects of recovery despite coalition efforts
Societythat the Greek economy will grow - by up to 0.6 percent of GDP - this year for the first time since 2008. The percentage of Greeks who believe the economy will pick up over the next year is the third lowest... polled. Greece’s public debt, which stood at 174.1 percent of GDP in the first quarter of this year
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Greek CPI down by 0.3 pct in August as rate of decline slows for third month in a row
EconomyMacroeconomyequipment (down 2.6 percent). The harmonised CPI showed a similar trend, easing by 0.2 percent year on year (YoY) in August and 1.1 percent MoM. The slight YoY decrease in the August CPI by 0.3 percent... trajectory. The average CPI for the year so far stands at -1.2 percent, which is in line with official
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomy, the year to date figure of new unpaid tax obligations hiked to 8.65 billion. This means that new tax debt...) was almost met since the actual figure stood at 994 million. For the whole year, the MoF targets... year, the target has been set at 25 percent, with the year to date rate at just over half the target
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Greek time deposit rates fall further in August
EconomyMacroeconomy) to 2.13 percent in August, according to the Bank of Greece (BoG). The year to date decline, which... of contraction between time deposit and T-Bill yields within 2014 mainly reflects last year’s movements when... by 25 bps. The year to date evolution shows a high monthly volatility with a cumulative increase of 66
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IMF lowers medium-term forecasts for Greek debt, 2014 financing needs
Economyto the IMF’s new projections, unemployment is expected to ease by 1.5 pp year on year in 2014... a deeper drop in consumer prices this year, the IMF expects deflation at 0.8 percent in 2014 from 0.4... the 4-percent mark each year. The Fund’s projections are in line with Greece’s Economic Adjustment
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Greek disposable income continues its slide in Q2, reached 29 pct during crisis
EconomyMacroeconomyGreek household disposable income fell by 4.3 percent year on year (YoY) in the second quarter (Q2... billion in Q2 from -1.04 billion last year. A similar trend was also displayed in the savings rate... in a row at 1.96 billion in Q2 from 1.71 billion last year, reflecting households’ concerns
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Greece steps up efforts for early bailout exit but lenders play it coy
PoliticsGreek Politicsbailout programme at the end of the year but, as Greek officials admitted, all the options are still open... needs for next year are estimated at 18.8 billion euros by the IMF. It appears that the government... the programme with just a precautionary credit line at the end of this year. “There is still a lot
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomy. It reached 1.82 billion euros, which is 50.4 percent year on year (YoY), according to the Bank... pronounced if we exclude the one-off SMP income of 1.5 billion recorded last year, which implies.... As a result, the year to date figure turned to a net outflow of 1.1 billion in the 8-month period
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Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomy(BoG). The year on year (YoY) growth rate accelerated for the third straight month to 2.1 percent... outflows of 374 and 159 million respectively. The year to date balance shows inflows of 675 million euros... 30 billion euros in the year to date. Lower central nank funding primarily reflects the capital
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Car sales still going strong in 2014; up by 33.7 pct in October
EconomyMacroeconomyand the eighth in the 10-month period this year. Vehicle registrations have been on a growth trajectory... to 85,776 compared to 66,216 last year. In addition, the average trailing figure over the past twelve months... rebound this year, after a modest rise of 1.3 percent in 2013. However, last year’s performance
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