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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammepercent, signalling a convergence with the IMF estimates, which outlined in detail last summer... are estimated at 14 billion euros between 2018 and 2060 in the latest DSA, of which 11.5 billion
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Newsletter 202 -12/04/2019
percent by 2024. Unemployment estimates are also unchanged at 18.5 percent in 2019 and 17.5 percent... of GDP in 2023 and 2024. The cyclically-adjusted primary balance this year is estimated at 5.4 percent
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammegrowth below 1 percent, the Fund estimates that will take 15 years for per capita income to return... institutions have also asked the government for a detailed timeframe for the repayment of an estimated 2
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingto play the role that is required in boosting the country’s growth prospects. BoG estimates... report earlier in the year, the BoG had estimated that the combined solution of APS and DTC based SPV
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Government readies up to 2 bln in assistance for shuttered firms and employees
Economysaid that the government estimates that up to 700,000 workers will be affected now. The interventions... for the whole of March and will be extended if necessary. It is estimated that around 220,000 firms fall
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Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
Economythat those estimates are subject to significant downside risks, most notably more prolonged... market as the ECB could purchase up to 16 billion euros of GGBs, or 9.3 pct of estimated GDP. Other
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBanking. Impairments came to 324 million in light of revised macro estimates. The impact on trading results... continue uninterrupted. The total impact on the bank results from the pandemic for Q1 is estimated
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP fell by 1.6 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from..., a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP growth before
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomy. The primary deficit will be 11.14 billion euros, or 6.8 pct of GDP. The same estimates in October’s... percentage points, through an estimated amount of 3.9 billion euros, 2.64 billion in the form of grants
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Newsletter 275 -27/11/2020
. The primary deficit will be 11.14 billion euros, or 6.8 pct of GDP. The same estimates in October’s draft... recovery by adding 2.1 percentage points, through an estimated amount of 3.9 billion euros, 2.64 billion
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