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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
EconomyMacroeconomyrate as total support in 2023 is not expected to exceed 1 pct of GDP, as energy prices have..., with the picture similar in 2024, with consumption growing by 1 pct. Investments will also moderate..., from 4.6 pct last year. The unemployment rate in 2023 will drop by roughly 1 percentage point to 11.8
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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomyby 1 billion and corporate tax by 2.1 billion. All income tax collection in 2022 is seen reaching... at 21.56 billion, also up by roughly 1 billion euros. Revenues and spending Expenditure also beat initial... to a surplus of 5.05 billion euros, or 2.1 pct of GDP, and the total deficit to 7.49 billion euros, or 1 pct
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A closer look at Greece's Q3 2023 national accounts
Agorato focus on efficiency and productivity, rather than on spending stimulus. Consider Figure 1 below... fundamental productivity gains?[1] The green spending (a better word than “investments”) is important...: Odysseus' Plan for the Long Journey Back to Debt Sustainability" published in 2020. [1] There could even
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Unemployment drops marginally to 10.8 pct in Q3
EconomyMacroeconomyquarter and rising by 1 percent from the same quarter of 2022. The number of economically inactive people.... The number of long-term unemployed (more than 1 year) came to 310,300 people, representing 60.3...-on-year. There were 2.6 million people in permanent jobs, a drop of 1 percent quarterly and 0.9 percent
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Newsletter 423 - 17/05/2024
for SYRIZA, 3 for PASOK, 2 apiece for Communist Party KKE and Greek Solution, 1 for Course for Freedom and 1 for New Left. According to the latest opinion poll by Interview for the Politic.gr website... by 4.2 pct YoY, which was the largest rise. Capital goods were up by 1 pct and durables at 0.7 pct. Non
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Central govt debt drops to 405.54 bln in Q1, bonds rise by 3bln
EconomyMacroeconomyGreece’s central government debt recorded a drop of roughly 1 billion euros to 405.54 billion euros in Q1 2024, the Finance Ministry's (MoF) debt bulletin showed on Monday. The Q1 debt movements... percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe original version of the document which was adopted as recently as 2019[1]. Like most facets... in 2022, compared to 1 billion euros at pre-war prices. At EU level, the REPowerEU programme introduced... as part of a climate journalism project. [1] The draft 2024 NECP is still being revised, with reports
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Newsletter 432 - 06/09/2024
spending on health and education to the tune of 1 billion euros, pension increases which will absorb another 1 billion euros, and defence procurement. The Finance Ministry is hoping that the European... increased by 0.8 pct. Exports of goods were up by 5.2 pct QoQ and services exports increased by 1 pct
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Public debt at 402.11 bln in Q1, total cash reserves exceed 40 bln
EconomyMacroeconomy, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.5 percent and 8.4... at 365.8 billion euros, up by roughly 1 billion euros. State guarantees came to 25.73 billion euros
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Greece reignites energy alliance talks with Israel and Cyprus amid US interest
PoliticsForeign Policycountries are due to meet in Athens under the “3+1” format, with the participation of their American... time, it is seeking to convince Washington to reactivate the “3+1” energy partnership at the foreign... for both Athens and Washington is Libya. The US is already including the North African country in a 4+1
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