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  1. Wages index up by 0.8 pct in Q1 2020

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index turned slightly positive by 0.8 percent year-on-year (YoY) in the first quarter (Q1) of 2020, following a drop of 0.1 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The annual index has returned to positive territory

    2%

  2. Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
    Photo by MacroPolis

    EconomyMacroeconomy

    the target for May. Expenditure Along with a sharp drop in revenue, a rise in expenditure also drove

    2%

  3. BoG highlights how Covid-19 compounds legacy issues and structural challenges
    Photo by MacroPolis

    Economy

    . There is a milder scenario of a 4.4 pct drop in 2020, while in the adverse, which essentially assumes

    2%

  4. Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales index decreased sharply by 24.7 percent in April following an upward revised drop of 0.7 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The current month’s reading represents a new series low, surpassing the previous low of -17.9 percent seen

    2%

  5. PMI rises to 49.4 points in June as manufacturing resumes
    Image via www.mytilineos.gr

    EconomyMacroeconomy

    to drop by almost 8 percent on the year,” they concluded.

    2%

  6. Unemployment edges upward to 15.5 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    year-on-year. Broken down by age group, the largest annual drop in unemployment was seen in the 25-34

    2%

  7. BoG stresses more work needed on NPE reduction, pushes bad bank idea
    Photo via http://www.delphiforum.gr/

    EconomyBanking

    of 7.1 billion. The 7.6-bln-euro drop during the first quarter of 2020 was mostly driven by Eurobank

    2%

  8. New study shows Greek population more than halving by 2100
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    fertility rate, Greece’s population would drop from 10.4 million in 2017 to 5.5 million in 2100, while

    2%

  9. Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
    Photo by MacroPolis

    Economy

    the efforts to drop it by a quarter since the peak. Fitch also expects the pandemic to delay the plans

    2%

  10. Tourism numbers continue to worsen as worries grow over second Covid-19 wave
    Photo by MacroPolis

    EconomyFeatures

    hold, the bank said. According to the bulletin, the biggest drop in revenue was observed

    2%