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  1. Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
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    EconomyMacroeconomy

    and the ferocity of the second wave is reflected both on the macro and fiscal data for this year

    4%

  2. OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
    Photo by MacroPolis

    Economy

    The OECD has released its latest economic outlook showing that Greece is unlikely to escape a significant economic downturn due to the second wave of the virus. In line with the Ministry of FInance’s latest budget, the OECD also sees a contraction go 10 percent in GDP this year. Recovery in 2021

    4%

  3. GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . This is due to the second wave of the virus manifesting with a much harsher profile than the first, along

    4%

  4. BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
    Photo by MacroPolis

    Economy

    The Bank of Greece tabled its interim monetary policy report for 2020 on Monday, shedding light on how it expects the Greek economy and banking system to develop next year. The new report includes the updated forecasts of Greece’s central bank, which reflect the second wave of the pandemic

    4%

  5. Budget primary shows deficit of 13.81 bln in November, above target by 1.48 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    with the second wave of the health crisis was not as front-loaded as it had been estimated. State budget total

    4%

  6. Newsletter 278 -14/12/2020

    Newsletters

    the updated forecasts of Greece’s central bank, which reflect the second wave of the pandemic

    4%

  7. Govt waiting for arrival of vaccine to deliver some Covid-19 relief
    Photo via https://flic.kr/p/oM982o

    PoliticsGreek Politics

    of the negative cycle created by the second wave of Covid-19 will be achieved, with the help of the vaccine

    4%

  8. Travel surplus up to Oct down by 78.2 pct as receipts plummet
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance in October came to a surplus of 472.2 million euros from a surplus of 1.2 billion a year ago, a drop of 60.7 percent year-on-year (YoY). With Greece entering a lockdown due to the second pandemic wave in the first week of November and the rest of Europe also impacted

    4%

  9. PM mulling reshuffle to get political project back on track in 2021

    PoliticsGreek Politics

    for the functioning of government” would be in the first wave of Greeks vaccinated, up from the 45 officials

    4%

  10. New Democracy's 2021 agenda focusses on reforms, social support
    Photo by MacroPolis

    PoliticsGreek Politics

    of the second wave of the pandemic is becoming increasingly evident, while negative expectations

    4%