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  1. Lenders acknowledge reforms, flag up tricky fiscal path ahead

    EconomyProgramme

    that was imposed at the start of November. As such, forecasts are subject to significant downside risks... with the lockdown in November. The fiscal stance is expected to remain supportive leading to a primary deficit of 1.1 pct of GDP in 2021. The report adopts the measures included in the draft budget

    9%

  2. Newsletter 312 - 15/10/2021

    Newsletters

    for Greece, leaving the European Commission to freshen its figures in the autumn forecast in November... into the first quarter of the new year, following a formal submission in November. Declan Costello from... are mortgages at 4.7 billion euros, 18 pct SMEs, 1.1 billion euros and 5 pct consumer loans, 300

    9%

  3. Buoyed by improved tax revenues, budget deficit comfortably beats target at 7.88 bln in Nov
    Photo by MacroPolis

    EconomyMacroeconomy

    ahead of the target set in the final budget for 2022, beating it by roughly 1.1 billion euros... to November recorded a deficit of 12.26 billion euros compared to a deficit of 18.25 billion euros... than the target by 82 million euros. Expenditure Overall expenditure up to November stood at 60.74

    9%

  4. Industrial turnover returns to contraction in Nov with sharp 5 pct YoY drop

    EconomyMacroeconomy

    Greece’s industrial turnover resumed contraction in November, dropping by 5 percent year-on-year (YoY), from a 1.1 percent increase in October, according to data released by the Hellenic Statistical... rebound in December, rising to 53.2 points, from 51.2 points in November, according to S&P Global data

    9%

  5. Retail sales growth slows to 1.7 pct YoY in Nov on back of sharp drop in fuel transactions
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales growth moderated to 1.7 percent year-on-year (YoY) in November, after a rise... movement was also down by 1 percent. Compared to November 2024, automotive fuel was down by 8.3 percent..., with fuels down by 7.2 percent, a 1.1 percent rise in foods and non-food up by 4.2 percent

    9%

  6. Greece enters second year of deflation as CPI falls 1.3 pct in March

    EconomyMacroeconomy

    Greece remained in deflation for the thirteenth consecutive month in March. The Consumer Price Index (CPI) eased 1.3 percent at a slightly accelerating pace compared to the 1.1 percent posted... 0.2 percent YoY, Greece has been in deflation. This peaked at -2.9 percent in November. As a result

    8%

  7. Greek jobless rate remains stuck at 27.3 pct for third month
    Photo by Harry van Versendaal

    Economy

    by 1.1 percent in April from 0.5 percent in March. The number of unemployed fell by 2 percent YoY for the first time since November 2008. In the preceding three months of 2014 the YoY change

    8%

  8. Greek CPI falls at slower pace of 0.7 pct in July

    EconomyMacroeconomy

    The drop in the Consumer Price Index (CPI) decelerated for the second straight month to 0.7 percent in July from 1.1 percent in June, according to the Hellenic Statistical Authority (ELSTAT.... The highest deflationary figure was registered in November at -2.9 percent. Since then, the evolution of CPI

    8%

  9. Greek CPI down by 0.3 pct in August as rate of decline slows for third month in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    on year (YoY) in August and 1.1 percent MoM. The slight YoY decrease in the August CPI by 0.3 percent... for the eighteenth straight month. The highest negative reading was posted in November 2013 (-2.9 percent

    8%

  10. Deflation rises again in Greece: CPI down by 0.8 pct in September

    EconomyMacroeconomy

    by 1.1 percent year on year (YoY) and rising by 1.6 percent MoM. From the 12 main groups of goods... been in deflationary territory since then, with the highest negative reading posted in November

    8%