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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomy. The estimate for next year was also downward revised to 2.3 percent, also from 2.5 percent... consumption is now seen growing by 0.5 percent this year and 0.9 percent in 2019. The estimate for 2018... the previous estimate of 11.5 for 2018 and unchanged for 2019. Exports are seen performing strongly, assisted
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Newsletter 34 - 10/07/2015
in June The Greek consumer price index (CPI) fell by 2.2 percent in June, slightly above the 2.1... estimates for 2015. Even before the imposition of capital controls, the rating agencies were projecting... increasing the corporate tax rate from 26 to 28 percent, with estimated revenues at 260 million in 2016
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How Greece sleepwalked off a cliff in 2009, in black and white
Agora, when even the revised revenue targets for 2009 contained an estimate that revenues would grow by 14... their estimate of 2.5 billion euros in revenues. The expenditure disaster However, the true disaster lies... jumped by 18.1 percent vs an annual growth estimate of 9.8 percent. Based on first half of the year
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomydecelerating from the upward revised 2.2 percent growth recorded in Q3, which also reflected a low base..., the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Tuesday. The headline figure for Q4... it started to rebound in the next two quarters. ELSTAT said flash estimates are expected to be revised upon
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How Greek banks moved into a new era
Agorain Alpha and Piraeus currently stand at 2.2 billion and 400 million respectively. The banks’ stock..., with banks’ current estimates pointing to a peak of the NPL ratio close to the end of the year easing... this year. Current consensus estimates point to a loss-making year for all banks except National, while
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingcontracted 2.2 percent QoQ to 71.4 billion euros, with corporate loans making up almost two-thirds of total.... The bank estimates synergies of 10 million and positive liquidity of 0.3 billion due to the acquisition... Ahli Bank of Kuwait for a consideration of 150 million dollars. The bank estimates
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomypercent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390.... The key macro assumptions and fiscal estimates in line with those agreed with the institutions in mid.... For 2016, GDP is expected to slip to 173.37 billion. Fiscal estimates The primary balance based
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomythe European Commission and the IMF estimates (2.2 percent). The PBO argues that although..., the effectiveness of the motives for higher electronic transactions and the ambitious growth estimates... highlights that in nominal terms the positive impact estimated in the budget is just short
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Newsletter 241 - 28/02/2020
takes note of the economic progress, with Greece expected to secure growth of 2.2 percent in 2019... for such estimates. Nevertheless, key sectors of the Greek economy are expected to suffer the effects of reduced... Theocharis estimates based on industry sources that the cancellation rate of Chinese bookings in Greece
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Newsletter 257 -07/07/2020
percent before recovering by 2.2 percent in 2021. Also during the week, it was revealed that the stock... contraction of 9 pct in 2020, from 9.7 pct in the spring estimates. Although Greece can take some comfort..., the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which
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