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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economymonths and the exposure to travel restrictions makes its estimates subject to downside risks as even a small extension of those restriction will have a disproportionately large effect on the estimates... spending, thanks to various support initiatives that the Commission estimates at 6.9 pct of GDP
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomy, the effectiveness of the motives for higher electronic transactions and the ambitious growth estimates. In turn, this makes the budget execution highly dependent on the behaviour and conditions of economic... the European Commission and the IMF estimates (2.2 percent). The PBO argues that although
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Newsletter 241 - 28/02/2020
, some of which were destined for the port of Piraeus. Shipping makes up 7 percent of Greek GDP... for such estimates. Nevertheless, key sectors of the Greek economy are expected to suffer the effects of reduced... Theocharis estimates based on industry sources that the cancellation rate of Chinese bookings in Greece
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Newsletter 257 -07/07/2020
is concentrated in the summer months makes the country vulnerable to the travel restrictions and the changes... contraction of 9 pct in 2020, from 9.7 pct in the spring estimates. Although Greece can take some comfort..., the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which
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Newsletter 307 - 10/09/2021
to appoint an official from outside New Democracy. The unusual nature of the appointment also makes... recent forecast. Before this week’s GDP release, the estimates of major international organisations... the more optimistic estimates of the private sector, which converged towards a consensus of above 5
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Greece - Some structural macroeconomic arithmetic
Agora, as we saw above. With 2 percent inflation, that makes for 2¾ percent nominal growth. If the 60 percent.... This explains why different institutions have different estimates of potential output and potential output...,” in their view, for the time being. These differences in potential output growth estimates are not innocent
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Greece braces for potential impact of coronavirus on key economic sectors
PoliticsGreek Politicscancelled, a some of which were destined for the port of Piraeus. Shipping makes up 7 percent of Greek... Theocharis estimates based on industry sources that the cancellation rate of Chinese bookings... referenced his French counterpart, who estimated the drop in French tourism at 30-40 pct
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyto 3.6 pct in the last quarter of next year. This year’s estimate is marginally lower than the one... estimate for a 8.2 pct GDP contraction last year. Greece is seen coming off deflation this year..., after -7.4 pct last year and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate
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Newsletter 364 - 23/12/2022
. This is broadly in line with the European Commission’s estimate published about a month go, which... regarding next year. In its review in October, S&P presented an estimate of 1.7 pct growth in 2023. Also... in Parliament last weekend, the growth estimate for 2022 was 5.6 pct and 1.8 pct for 2023. The most recent
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Newsletter 290 - 26/03/2021
hirings in February came to 98,428 versus 71,195 departures. That only just makes up more than half..., also updating its macro estimates for 2021. Following the extension of the lockdown into the full first... for this year in Greece, Although the Finance Ministry’s estimates for 4.8 pct growth from the final budget
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