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Newsletter 354 - 07/10/2022
to be a reserved estimate as receipts are expected to match the 2019 season of roughly 18 billion euros from... the inflated prices on most goods during 2022.MacroeconomyChart of the weekPMI Greece’s manufacturing... euros that the Finance Ministry had included in its 2022 budget estimates. The budget of 2022 assumed
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyyear of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece... forecast during the summer as the economy appears to be robust thanks to a buoyant tourism season... appears to be more entrenched compared to previous estimates, when in the summer the Commission
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Newsletter 409 - 26/01/2024
to the child payment introduced by ND during its first term, from 2,000 euros to 2,400 euros for the first... in 2023 that beat the initial budget estimate at the end of 2022 by 1 billion euros. The IMF does..., with growth estimates for 2024 at 2.1 pct, taking a more moderate view compared to the 2.9 pct
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Newsletter 440 - 08/11/2024
is reducing the VAT rate. Elevated VAT revenues, boosted by inflated prices during the cost-of-living... economies with growth of 2.8 pct this expected and 2.1 pct in the next two years. The same estimate... is 243 million euros and the ministry estimates that 1.9 million Greeks will benefit from the pre
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomythat the new deficit estimate for 2013 (2.4 percent of GDP) is slightly better compared to the initial... the final budget needs to be approved by an extraordinary Eurogroup due on November 22. During... by March 2014. These revenues mainly relate to Bank of Greece estimated dividend (480 million), previous
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Newsletter 2 - 07/11/2014
, with the troika sticking to its initial estimate of 2 billion. Although the Greek Finance Ministry... was in Washington this week to promote exactly this. During a speech at the Centre for Strategic... (HFSF) could be used as a precautionary credit support line. That amount – reportedly estimated north
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Primary surplus up to 3.9 pct of GDP in 2016, far above target
EconomyMacroeconomyin 2016 provides a better outlook for fiscal consolidation in the coming years. During a press... surplus figure to 0.42 percent of GDP from 0.15 percent in its previous estimate on October 20... target of 0.5 percent of GDP. It is worth noting that the IMF said on Wednesday that it estimated
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Greeks seen working longer, until July 18, to meet annual tax bill
Societylater than that of last year, which according to ELSTAT fell on July 6, 2017. They estimate... mostly due to VAT rate hikes in 20 of the 28 member states during this period. The Institut Economique... to taxes only. According to KEFiM, this means that Greeks will have worked an estimated 198 days
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Greece on track for bumper tourism year, figures show
EconomyFeaturesshowed that arrivals to the country came to 27.2 million visitors, surpassing the estimate of 26... airports up to June came to 211,591, a rise of 7.8 percent YoY. During the month of June itself, airport... to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomylevel of 5.2 percent. Unemployment will drop to 18.2 percent next year, from 19.6 percent estimate... in 2019. Fiscal On the fiscal front, and based on the methodology used during the programme as well... place and was initially estimated at 7.3 billion euros. Based on the programme methodology, next year’s
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