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  1. Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues

    Economy

    , while tax refunds were 145 million higher than target. A broadly similar pattern was also evident... in the 2-month period reaching 608 million, 145 million above target. As a result, 2-month net revenues

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  2. Budget primary surplus falls to 1.24 bln at end of Feb as revenues miss target

    EconomyMacroeconomy

    (by 145 million). Similarly, the budget balance posted a deficit of 194 million euros from a surplus... percent in the 2-month period to 608 million, 145 million above target. As a result, 2-month net revenues

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

    EconomyMacroeconomy

    -execution of transfers by 476 million euros and the public investment budget by 145 million. Interest... by 145 million euros. Overall, the PIB balance landed at a deficit of 4.04 billion euros for the eleven

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  4. IMF expects modest recovery, lingering debt but primary surplus to return swiftly
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    to 3.6 pct in the last quarter of next year. This year’s estimate is marginally lower than the one... estimate for a 8.2 pct GDP contraction last year. Greece is seen coming off deflation this year..., after -7.4 pct last year and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate

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  5. Newsletter 364 - 23/12/2022

    Newsletters

    . This is broadly in line with the European Commission’s estimate published about a month go, which... regarding next year. In its review in October, S&P presented an estimate of 1.7 pct growth in 2023. Also... in Parliament last weekend, the growth estimate for 2022 was 5.6 pct and 1.8 pct for 2023. The most recent

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  6. Revenues beat target for third straight month, put primary surplus in sight

    Economy

    Investment Budget (PIB) revenues of 2.2 billion. Nevertheless, a Jan-Sep primary surplus of 1.12... outperformance reflects a higher PIB surplus (2.2 billion) and lower expenditure (2.0 billion) and - to a lesser... in Parliament earlier this week, Greece estimates a small gg primary surplus of 344 million (0.2

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  7. Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    France rose by a modest 2.2 percent and arrivals from Germany were kept almost stable (+0.1 percent... in receipts from the US (-2.2 percent) and Germany (-1.5 percent), while those from Russia rebounded by 3.1... in the first quarter. In early March, SETE published its initial tourism estimates for 2016, which

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  8. Newsletter 109 - 03/03/2017

    Newsletters

    and in the corporate tax rate. Economic sentiment in Greece fell by 2.2 points in February, after... The retail sales index dropped by 1.3 percent in December after an upward revised 2.2 percent growth... Ministry sources noted that IMF requests could be lowered since the latter’s estimates incorporate

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  9. Newsletter 273 -13/11/2020

    Newsletters

    2015 when it fell by -2.2 percent. Greece’s Consumer Price Index (CPI) fell by 1.8 percent year... remains at its lowest rate since July 2015 when it fell by -2.2 percent. The data showed that the core... more critically, the medium-term growth estimates are in the region of 3.5 pct. In the meantime

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  10. Newsletter 388 - 07/07/2023

    Newsletters

    , in which it sees growth for this year and 2024 at 2.2 pct. The PBO presents three scenarios... one, 2.1 pct for lower transfers and 2.2 pct from higher handouts. The PBO describes this new growth.... The IOBE think-tank this week also presented its latest estimates for Greece, which sees the economy

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