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IMF forecasts high primary surpluses, tempers growth expectations
EconomyMacroeconomy. In the World Economic Outlook (WEO), real GDP growth is seen at 2.5 pct this year, slowing down to 2 pct.... However, the IMF’s estimate for next year is significantly lower than the 3 pct forecast of the Greek... pct in 2023. On the fiscal front, the primary balance is expected to double next year to 2 pct of GDP
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Newsletter 401 - 10/11/2023
in September. ND has gained almost 2 points to reach 34.1 percent, while SYRIZA has lost almost 2... line of the four systemic lenders up to September came close to 3 billion euros, suggesting... the high cost of money as the stock of loans to corporations dropped by 2 pct of the total portfolio
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GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY
EconomyMacroeconomy. Exports decreased by 0.7 percent and imports increased by 2 percent. The export drop was led... from 3 percent to 2.5 percent. In its growth forecasts, the Parliamentary Budget Office expects... and 2 percent in 2024. The OECD in the economic outlook last week places Greek growth at 2.4 percent
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek Politicsthe deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis
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University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
PoliticsGreek Politicsinvestigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomySupport Program launched before the Greek crisis, in exchange for bank preference shares 2) 1.22 billion also issued in 2009 for the Hellenic Fund for Entrepreneurship and Development (ETEAN) and 3... that the inaugural transaction will involve a 3 billion 5-year bond issue.
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomyand tobacco is the only sector exhibiting the most notable consistent rise in prices at 2 percent in January decelerating from the 3 percent recorded in December. Communication - where prices remained flat... and transport where prices slipped by around 3 percent. It is worth noting that the drop in hotels, cafes
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomycorporate lending rates contracted in May, they remain well above the euro area average rates, by 3 percentage points for loan amounts above 250,000 euros and by 2 percentage points for lower amounts... increased by 3 bps to 5.62 percent. As a result, the average spread on outstanding volumes saw
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What would a clean bailout exit for Greece mean in numbers?
Agora2022 and 2042. Up to 2015 the servicing of that debt has a 2 percent interest, increasing to 3 percent... that it would have to roll over. 2017 and 2019 reflect the 3 and 5 year issues earlier in the year
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Greece continues to edge up in "ease of doing business" rankings despite persistent problems
Economythat Greece reformed in 3 areas of business regulation: a) Registering property, where transferring property was made easier by reducing the property transfer rate (to 3 percent of the property value...), 2 places in efficiency enhancers (65th) and 7 places in innovation and sophistication (74th).
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