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  1. Tourism numbers continue to worsen as worries grow over second Covid-19 wave
    Photo by MacroPolis

    EconomyFeatures

    runs up to May 2020, showed that revenues in these sectors saw a collapse of up to 61 percent... of retail stores in May, but this by no means suggests that they returned to pre-crisis levels

    2%

  2. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    to the private sector (including tax refund arrears) rose by 161 million compared to May and came to 2.42... The stock of gg guarantees increased by 401 million compared to May and came to 12.19 billion in June

    2%

  3. Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
    Photo by MacroPolis

    PoliticsGreek Politics

    200 pct of GDP, which is a tougher challenge than it may sound initially due to the rate at which... unemployment numbers show that unemployment has risen to 17 pct in May, from 14.5 pct in March

    2%

  4. Greece grapples with second Covid-19 wave as cases soar
    Photo by MacroPolis

    Society

    starting from May 4, when citizens no longer needed to declare their reason for leaving home. Further... followed. On May 25 when these measures were put in place, Greece had 2,882 cases and 172 deaths

    2%

  5. Grim picture in labour market obliges govt to provide more job support schemes
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    from ELSTAT showed that unemployment hit 17 percent in May. However, ELSTAT’s figures exclude... to 542,244 people for May suspensions, 129 million for 275,598 tourism workers, 109.4 million euros

    2%

  6. Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index decreased by 6.9 percent in June following a revised drop of 4.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The latest month’s reading... seasonally adjusted (SA) retail sales index in June rose by 1.2 percent compared to May, while volumes

    2%

  7. Trouble from Turkey prompts plans for extra defence spending after years of cuts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of defence expenditure. While these concerns may be shared by some SYRIZA politicians, it may be more

    2%

  8. Newsletter 272 -06/11/2020

    Newsletters

    dependency on tourism. PMI edges down to 48.7 points in October Output declines at fastest rate since May.... The rate of decline was the fastest since May. The decline was spearheaded by a fall in new orders

    2%

  9. Greece maintaining investors' interest, EY survey finds

    EconomyFeatures

    between 16-30 October this year. It found that compared to the survey in May, the percentage... for investors. In May, almost half of respondents felt that Europe would become less attractive

    2%

  10. Industrial turnover drops by 14.4 pct in October
    Photo by MacroPolis

    EconomyMacroeconomy

    deterioration in overall manufacturing sector performance since May. The rate of contraction was among the fastest since data collection began in May 1999. Finally, according to the European Commission’s

    2%