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Newsletter 364 - 23/12/2022
SYRIZA by almost 2:1. The findings suggest that despite the derision heaped on the support measures... in its latest report a “soft landing”, with the growth rate somewhere between 1 and 1.5 pct, from... sees growth even lower to 1 pct, while inflation is also seen persisting into 2023 at 6 pct. In its
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Does the EU Commission suffer from optimism bias? (Part 2)
Agoranotes that our first responses to stimuli are often heuristic and superficial. This is System 1, or “Fast Thinking,” based on instincts and emotion. System 1 has evolved for survival and immediate..., then the subsequent revisions will likely be revised downwards over time. Figure 1 is a plot of five
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Macroeconomic fundamentals for Greece
Agora(2020-2029)? Demographics. To answer this question, let us start with Figure 1. Data are from the UN’s most... of the 2020s (Table 1). Until around 2025, the cyclical recovery is overriding the demographic anchor... that is consistent with this debt commitment amounts to maximum 1.5 percent of GDP.[1] Greece receives a large
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Where is Greek growth coming from?
Agorathree stages for the Greek economy. 1) The collapse of activity between early-2009 and mid-2013..., which drives aggregate demand.[1] Aggregate supply can be captured by two numbers: how many new workers... of qualified labor already, and demographics are adverse). If employment can grow by another 1
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
EconomyMacroeconomyGreece’s central government debt recorded a rise of roughly 1 billion euros to 403.2 billion euros... (over 5 years) debt made up 73.4 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.5 percent and 10.1 percent respectively. Greece’s cash
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BoG provides insight into Greece’s housing affordability problem
EconomyFeatures% of disposable income dedicated to loan payments. An index value of 1 or higher indicates affordability, while a value below 1 suggests the market is unaffordable for the median household... neighbourhoods of the wider Municipality of Athens (2nd–7th districts), the index is above 1, suggesting
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Honey, I shrunk the Greeks vol. 2
Agoraclaims, you end up with a “subordination risk” where private money is seen as being inferior
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No let-up in tension with Turkey as MPs prepare to approve maritime boundary deals
PoliticsGreek Politicsthis, inferior, deal. The opposition party is trying to find a way of criticising ND’s handling
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Our cruel summer
Agora” or “Pakistani” to be used liberally as a catch-all description for anyone deemed to be inferior or dispensable
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Greece's labour market is austerity's biggest casualty
Agoraand retail sale indices, the correlation is evident and since the crisis began there is a roughly 1 for just over 1 percentage impact between GDP drop and industrial production and 1 for 1.5 relationship
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