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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
EconomyStournaras presented the central bank’s updated estimates regarding the impact of the pandemic... recession in its previous estimate, to 7.5 pct. This is in line with the European Central Bank’s... GDP assumptions as gross financing needs are kept below 15 pct of GDP. The central banker also
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Newsletter 281 -22/01/2021
in 2020 The cash balance last year came to a surplus of 5.56 billion Greece’s central government... permits rose by 13.1 percent In absolute terms, the highest number of permits was issued in central... and Thrace (-14.8 percent) and central Macedonia (-14.6 percent). The three largest rises were seen
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Building permits drop by 0.7 pct in December; rise 9.2 pct in 2020
EconomyMacroeconomy. The three largest drops were seen in the western Macedonia (-31.6 percent), central Macedonia (-23.4 percent) and the Ionian islands (-19.1 percent). The three biggest rises were seen in central Greece... in central Attica (432). The smallest number of absolute permits were issued in western Macedonia
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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Economy-term, some of which were brought to the fore again by the pandemic. Greece’s central bank also urges... the issue of quality of their capital structures. On the macroeconomic front, the central bank sees... their efforts to shed bad loans off their books. The central bank also highlights the progress
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Rising bond yields a concern, but not an immediate fiscal problem
Economyabout central banks exercising tighter monetary policy, further increased yields across the eurozone... and it has started to seem certain that central banks will raise interest rates. Following last week's... billion euros. Roughly 3 billion euros is privately held, 768 million euros is held by eurozone central
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Newsletter 363 - 16/12/2022
that is envisaged for 2023. In its meeting on Thursday, the eurozone central bank was explicit that “interest..., as the central bank wants to avoid the perception in the economy that inflation is here to stay. The central bank also had to revise upwards its inflation outlook. Eurozone inflation for 2023 is now
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PM inspects flood damage hoping to rescue stricken government
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis visited flood-stricken central Greece on Friday to survey..., if necessary. Some of the hopefuls have been visiting central Greece to offer their support to locals... that the locals she spoke to blamed the central government, as well as local authorities, for not doing
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Expulsions hasten SYRIZA split as ND ploughs ahead in pursuit of political dominance
PoliticsGreek Politicsto remain united long enough to resolve the tensions at the upcoming meeting of its central committee... at the central committee meeting scheduled for November 11-12, however the decision to publish... of 50 pct +1 of central committee members to trigger a vote of no confidence. In the meantime, some
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SYRIZA loses Umbrella during stormy weekend
PoliticsGreek Politics’s central committee met to discuss the potential expulsion of four officials who had spoken out... of the four officials, rather than let the central committee oversee the disciplinary process. Some within.... The 45 members of the faction, including two MPs, represented on the 300-strong central committee argued
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BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
EconomyMacroeconomythe investment grade for GGBs. However, it notes there are risks on the downside with the central bank making... pct of GDP in 2023, against an initial target of 1.1 pct of GDP, as the central bank sees the string... so the efforts of keeping debt on a downward trajectory are not undermined. The central bank argues
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