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Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
Features. This equals a multiplier effect of 2.2. According to the IOBE multiplier, in 2018, tourism directly... in by INSETE to land on the final estimated contribution of the tourism industry. The Foundation for Economic and Industrial Research (IOBE) estimated in 2012 that every euro generated directly by tourism
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Newsletter 355 - 14/10/2022
rating review was the latest estimate that sees a small recession of 0.2 pct for next year, mostly... pct. During the presentation, the head of the think tank said that should its estimate of investment... this week was closer to the Greek authorities with a 1.8 pct growth estimate. However, the picture
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Newsletter 479 - 10/10/2025
, against an estimate of growth of 8.4 pct in the budget that was submitted about a year ago... as the projects will not meet the August 2026 deadline. The Finance Ministry has again anchored its estimate... euros by the end of the year, against an initial estimate of 69.2 billion euros. Greek fiscal policy
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Government budgeting on a late RRF sprint
EconomyMacroeconomyestimated to reach 70.88 billion euros by the end of the year, against an initial estimate of 69.2 billion... to grow by 5.7 pct this year, against an estimate of growth of 8.4 pct in the budget that was submitted... anchored its estimate for investment spending for next year on the RRF, as it expects a sprint
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyequipment (-2.2 percent). On the flipside, two sectors showed a price increase, namely health (up 2.1... of 0.3 percent is estimated for next year. In contrast, the OECD estimates constant deflation at around
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomypercent) compared to imports (+2.2 percent). In contrast, public consumption is seen remaining... estimates in the draft budget. Harmonised Consumer Price Index (HCPI) is expected to remain in negative... billion euros (3 percent of GDP), in line with the EAP target and above the 2.9 percent estimated
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How Greek banks were left on the brink
Agoralevels in February (9.6 billion), eased to 2.2 billion in March and then increased again to 4.7 billion... each, Eurobank at 8 billion and Alpha at 6.2 billion. Those estimates were based on current collateral... has indicated that the peak of the NPL ratio, which was previously estimated in Q2 2015
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What next for Greece's revenues and spending?
Agoraan agreement for a new bailout program, meaning that more than 2.2 billion euros of the revenues.... Initial estimates were pointing to a higher shortfall in June as the last two days of the month... to the prevailing restrictive conditions. It is estimated that after the stabilization of the cash flow
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammepercentage points per year to level off at 2.2 percent by 2025. Market access assumptions were also revised... percent, signalling a convergence with the IMF estimates, which outlined in detail last summer... are estimated at 14 billion euros between 2018 and 2060 in the latest DSA, of which 11.5 billion
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomypercent in 2020 compared to the previous forecast of 2.2 percent growth, which is the largest among... quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from..., a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP growth before
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