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  1. S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March

    Economy

    in investments by an estimated 12 percent, while the net job increase reinforces expectations that unemployment... having to clean up their balance sheets from the huge stock of non-performing loans estimated at 46... contributed to financial stability. Net general government (gg) debt is estimated to significantly

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  2. Clock ticks on bailout review but big gaps remain between Greece, lenders

    EconomyProgramme

    unconstitutional the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion... of a new tax of 0.05 euros per column in OPAP games as of the beginning of 2016 with estimated... for farmers (estimated revenues at 32 million), reform in the income tax code (150 million

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  3. SETE study presents short- and longer-term prospects of Greek tourism
    Photo by MacroPolis

    EconomyMacroeconomy

    percent. In addition, travel revenues are estimated to rise by 6.4 percent to 14.55 billion in 2016... with foreign tourist arrivals estimated to reach 34.8 million in 2021 from 26.1 million in 2015... the overnight revenues are estimated slightly higher at 78 euros in 2021 from 75 euros in 2015. The direct

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  4. IMF recognises Greek 2013 surplus, sees less burdensome financing needs
    Photo by MacroPolis

    Economy

    target with a substantial margin,” the IMF said. For 2014, the IMF estimates Greece will retain a primary.... Surprisingly, the IMF’s estimates for Greece’s total financing needs are materially lower than... reasons for the deviation from October estimates is lower maturing debt and, to a lesser extent

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  5. Parliament's budget office sees Greek recovery finely poised

    EconomyMacroeconomy

    weigh on the recovery. The PBO estimates that the economic recovery this year may be stronger than... estimates of a rise based on the improvement of Greek corporates’ competitiveness. The PBO stresses... and 67.25 billion including year-end 2013 legacy debt, the PBO estimates it will accelerate in the coming

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  6. Portuguese election: Where those who lost may decide
    Photo by Alessandro Grussu via Flickr https://flic.kr/p/ffhoRc

    Agora

    and the emigration waves (official estimates indicate that almost 500,000 Portuguese have left the country in 4... in the same period. Also, according to its most recent estimates, the IMF believes that the unemployment rate in Portugal will drop this year almost 1 point compared to April estimates, although growth

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  7. Unemployment down for second straight month in August, falls to 24.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    in 2015 and further to 27.1 percent in 2016, from 26.5 percent in 2014. These estimates incorporate... estimates now calling for a milder recession of 1.4 percent in 2015 from 2.3 percent before. The OECD, with similar GDP estimates to the EC, expects unemployment rate at even lower levels at 25.2 percent

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  8. EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    Economy

    GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016. The previous EC estimates last November saw a recession of 1.4... the EC’s revised estimates, unemployment is now seen at 25.1 percent in 2015 (from 25.7 percent

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  9. IMF sees contraction of 0.6 pct this year before strong rebound in 2017
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    rebounding by 2.7 percent in 2017. Both estimates are broadly in line with those of the European... forecasts pointed to a jobless rate of 27.1 percent in 2017. It is worth noting that the latest EC estimates... forecast. It estimates inflation will rise by 0.6 percent in 2017. After a zero current account (C

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  10. Athens starts MTFS process with baseline scenario that sees growth slowing down
    Photo by MacroPolis

    Economy

    percent in 2023. The estimates are more modest than last year, when 2019 was expected to grow by 4.1...’s estimates, 2019 was forecast to grow by 2.9 percent, 2020 by 2.5 percent, 2021 by 2.3 percent and 2.1 percent for 2022. The downward revision in growth estimates compared to last year mostly stems

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