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  1. IMF sees contraction of 0.6 pct this year before strong rebound in 2017
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    next year. In its previous WEO, released on October 5, the IMF said it expected Greek GDP... easing to 23.4 percent in 2017. Starting from a higher base of 26.8 percent, the previous IMF... in 2016 and 22.8 percent in 2017. The IMF foresees zero inflation in 2016, unchanged from its previous

    3%

  2. Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
    Photo by MacroPolis

    EconomyBanking

    billion in the previous quarter, primarily burdened by exceptionally high loan provisions, and 67... in the previous quarter. The management reiterated its target for a negative NPL formation of 1... percent in the previous quarter. During the conference call, the management appeared optimistic

    3%

  3. The enemy within

    Agora

    and presenting itself as a friend of those who have been getting the rough end of the stick in previous... that previous governments have failed to ensure the burden for pulling Greece out of its economic crisis... that has been used by previous governments. Who could forget, for instance, the so-called “theory of two

    3%

  4. Newsletter 78 - 17/06/2016

    Newsletters

    the discussion about spending and taxes that have dominated the agenda so much in previous months. The government... given the publicity it had gained as a result of the government’s rhetoric in previous days... 24.4 percent in the previous quarter. However, year on year, the jobless rate fell 1.7 percentage

    3%

  5. Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
    Photo by MacroPolis

    Economy

    The rate of increase in unpaid social security contributions (SSCs) almost doubled quarter on quarter (QoQ) to 831 million in Q2 from 429 million in the previous quarter. The outstanding amount... reaching 6 billion from 5.47 billion in the previous quarter. As it was also evident in the previous

    3%

  6. CPI tumbles by 1 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    . The headline figure for July is the highest deflationary reading since April. In line with the previous month... and non-alcoholic beverages by 2.2 percent. Compared to the previous month, CPI declined by 1.6... and services posted a change less than 1 percent from the previous month’s level. Greece remains

    3%

  7. Greece's latest GDP figures and what to expect for the rest of the year
    Photo by MacroPolis

    Agora

    percent rise respectively QoQ in Q2 GDP. ELSTAT also revised upward the previous quarters’ GDP. The most..., above previous levels. In absolute terms, the past two quarters GDP were upgraded by 92 and 282... 1.4 percent QoQ rise in Q2 nominal GDP after it either remained stable (in the previous two quarters

    3%

  8. One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    corresponding to 24.9 percent of gross loans from 25.1 percent in the previous quarter. On the asset quality.... Overall, the NPL formation in Greece reached 2 million in Q2 from 127 million in the previous quarter... from 92 percent in the previous quarter remaining the lowest among core banks. The Common Equity Tier 1

    3%

  9. CPI drops by 0.9 pct in August

    EconomyMacroeconomy

    eased 0.1 percent, following a drop of 0.9 percent in the previous month. The movement in August... by 0.2 percent, at a decelerating pace compared to the increase of 0.7 percent recorded in the previous... (+6.3 percent). The comparison with the previous month points to a slight drop of 0.3 percent in CPI

    3%

  10. Unemployment rate falls to 23.1 pct in second quarter, lowest since Q2 2012
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    ). Continuing a trend evident in the previous quarters, the unemployment rate among males fell at a faster... have never worked in the past) edged up to 21.4 percent in Q2 after slipping in the previous two... percent in Q1. Part-time employment remained stable from the previous quarter at 9.8 percent of total

    3%