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Newsletter 227 -08/11/2019
expected in the spring forecasts published in May, compared to a 2 percent estimate in last year’s autumn...’ Protection Ministry estimates that around 4,000 people can be housed in empty hotels. Petsas blamed
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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomypublished in May, compared to a 2 percent estimate in last year’s autumn forecasts. In 2020, the EC...Greece’s seasonally adjusted (SA) GDP increased by 0.6 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from
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Newsletter 239 -14/02/2020
revised upward, from 2.3 percent in November to 2.4 percent now. The estimate for 2021 remains unchanged... The European Commission updated its economic estimates for Greece on Thursday, as part
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Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
EconomyMacroeconomythe target by 3.57 billion euros. The MoF noted that when compared to the updated estimate for the first... the intakes against the initial budget estimates. The underwhelming tourism season in July is also
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyannounced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined... by its initial estimates of an annual recession towards the adverse scenario of 8.5 to 9.4 pct
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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgramme, it is not before 2050 that the debt stock will converge to the previous estimate of around 85 pct of GDP... in the previous estimates. In terms of the debt-to-GDP ratio, Greece was expected to have a debt level
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingwith the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... on the banks’ own prudential funds. BoG estimates that as a result of the crisis new NPEs will range between 8
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FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomy, or 0.9 pct of GDP, higher from the MTFS estimate by roughly 1.1 billion euros. The ministry has also..., at 1.1 pct of GDP. Both figures are above the MTFS estimates by roughly one billion euros, where
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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Economyis significantly higher than the 4.3 pct estimate in July last year when it published its previous review... that Fitch estimates at 18 pct of GDP at the end of 2021. The agency highlights the significant progress
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Newsletter 325 - 28/01/2022
showed that the primary balance landed at 10.33 billion euros last year, improved from the estimate... against the initial estimates included in the 2021 budget, Greece finds itself way off its initial
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