Search
-
Sept economic sentiment drops to early 2021 levels, consumer confidence down by 6.7 pts
EconomyMacroeconomyconfidence following the sharp pandemic drop stalled in May 2021 and the series has been
5% -
NBG reports 652 mln profit in 9M, core PPI up 14 pct
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax of 652 million euros from continued operations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop of 11 percent. Pre-provision income (PPI) stood at 935 million euros, down by 2 percent on the 958
5% -
EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomy, in line with commitments and the debt sustainability assumptions. Debt will drop to close 162 pct
5% -
Newsletter 362 - 09/12/2022
) drop by a modest 0.5 pct. Q2 2020 was the peak of the pandemic impact. Greek GDP had dropped by 13.4
5% -
Loans managed by servicers stabilise near 87 bln in Q3 as securitisations conclude
EconomyMacroeconomyThe universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q1 this year and in Q3 it stood at 86.8 billion euros, according to data released by the Bank of Greece (BoG) on Friday. This represents a minor drop of roughly 200 million euros quarter-on-quarter During 2022
5% -
PBO sees economy making soft landing, but facing challenges ahead
EconomyMacroeconomyattributes this to the negative effects of inflation on disposable income and consumption, the drop
5% -
Opposition clashes with govt over high energy prices, cost-of-living measures
PoliticsGreek Politicseuros/MWh in France and 299 euros/MWh in the UK. Greece has not benefitted from the recent drop
5% -
Rise of fringe party complicates election arithmetic
PoliticsGreek Politicswill be held with a simple form of proportional representation. This threshold will drop to around 38 pct
5% -
Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
EconomyMacroeconomyfrom December. The recovery in Greeceās consumer confidence following the sharp pandemic drop
5% -
Banks discover stress test assumptions, results due in July
EconomyBankingproperty will fall 2.1 pct in 2023, and a sharper drop of 7 pct, resuming growth of 2.9 pct in 2025
5%