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Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
EconomyMacroeconomyby 1.6 pct, another ambitious estimate of investments of 14.4 pct, exports up by 4.9 pct and imports... that the forecast was ambitious as most of their estimates ranged between 2 and 2.5 pct. Most
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A snapshot of the Greek economy
Agoraon track, Greece has not yet fully recovered. ELSTAT announced that the economy grew at a rate of 1.9... hampered. Yet most importantly, no agreement has been reached about the non-performing loans, posing... time in the prices of consumer goods and services acquired, used or paid for by euro area
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Accommodation and food services index rises by 13.4 pct in Q2
EconomyMacroeconomyfigure of 24 million and 1 million above SETE initial estimate of 25 million. In addition, Andreadis... and the imposition of capital controls as of June 29. The last official estimates by the institutions that oversee Greece’s programme are calling for a recession of 2.3 percent in 2015, yet bank
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S&P affirms Greece’s rating with stable outlook
Economyto be helpful in backstopping the sustainability of debt burden, yet the rating agency does not see... its previous estimate for flat growth, weighed by “additional fiscal drag, blocked banking system... estimates that Greece’s debt to GDP ratio will peak at 179 percent this year, while is expected to fall
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PBO warns of recovery risks, fourth bailout and possible default
EconomyMacroeconomythat this forecast is more of a message of optimism rather than a reliable estimate. The PBO notes... for a strong economic rebound are not yet in place. In the PBO’s view, only a brave reform effort..., if the optimistic estimates by the government and the European Commission for growth of 2.7 percent
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Eurogroup paves way for completion of third review, talks on debt relief
EconomyProgrammeestimate foresaw reductions of 20 percentage points and five percentage points respectively over... a government has yet to be formed. Prime Minister Alexis Tsipras has actively encouraged the SPD to form... estimates that the total package will reduce Greece’s debt-to-GDP ratio by about 25 percentage points
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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... as despite the conclusion of PEPP and Greece not eligible yet to be included in the regular QE... that Fitch estimates at 18 pct of GDP at the end of 2021. The agency highlights the significant progress
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Newsletter 438 - 25/10/2024
issues, New Democracy does not appear to yet be under immediate threat from the social democrats or any... came from the IMF estimate for 2029, which sees the economy slowing down significantly to 1.3 pct... Ministry’s own growth estimates that were included in the latest Medium-Term Fiscal-Structural Plan
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomyexpenditure is seen at 41.81 billion euros, 380 million above MTFS, yet 672 million lower than 2014... plan neither an estimate of privatization proceeds. Bonds Following the issue of 3- and 5-year bonds... for 2015 is now estimated at 5.42 billion euros, which corresponds to 2.9 percent of GDP. This is higher
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Newsletter 17 - 27/02/2015
. The flash estimate on February 13 had put the contraction slightly lower, at 0.2 percent. The year... for the settlement of non-performing loans. Also, the various sides have not yet sat down to discuss the complex... specific forecast regarding the country’s macro outlook in 2015, although two months ago he had estimated
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