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Newsletter 364 - 23/12/2022
. This is broadly in line with the European Commission’s estimate published about a month go, which... regarding next year. In its review in October, S&P presented an estimate of 1.7 pct growth in 2023. Also... in Parliament last weekend, the growth estimate for 2022 was 5.6 pct and 1.8 pct for 2023. The most recent
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Revenues beat target for third straight month, put primary surplus in sight
EconomyInvestment Budget (PIB) revenues of 2.2 billion. Nevertheless, a Jan-Sep primary surplus of 1.12... outperformance reflects a higher PIB surplus (2.2 billion) and lower expenditure (2.0 billion) and - to a lesser... in Parliament earlier this week, Greece estimates a small gg primary surplus of 344 million (0.2
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Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
EconomyMacroeconomyFrance rose by a modest 2.2 percent and arrivals from Germany were kept almost stable (+0.1 percent... in receipts from the US (-2.2 percent) and Germany (-1.5 percent), while those from Russia rebounded by 3.1... in the first quarter. In early March, SETE published its initial tourism estimates for 2016, which
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Newsletter 273 -13/11/2020
2015 when it fell by -2.2 percent. Greece’s Consumer Price Index (CPI) fell by 1.8 percent year... remains at its lowest rate since July 2015 when it fell by -2.2 percent. The data showed that the core... more critically, the medium-term growth estimates are in the region of 3.5 pct. In the meantime
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Newsletter 388 - 07/07/2023
, in which it sees growth for this year and 2024 at 2.2 pct. The PBO presents three scenarios... one, 2.1 pct for lower transfers and 2.2 pct from higher handouts. The PBO describes this new growth.... The IOBE think-tank this week also presented its latest estimates for Greece, which sees the economy
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Newsletter 136 - 20/10/2017
, missing the target by 101 million euros. The Hellenic Statistical Authority’s (ELSTAT) second estimate... in real terms last year rather than the 0 percent estimate released in March. In nominal terms, the economy dropped by 1.2 percent against an initial estimate of 0.1 percent growth. ELSTAT also
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Newsletter 292 - 09/04/2021
of next year. This year’s estimate is marginally lower than the one forecast in the previous WEO... anticipated GDP to shrink by 9.5 pct in 2020, before ELSTAT’s first estimate for a 8.2 pct GDP... and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate is a deterioration from October’s
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Asking Greece to stack more austerity measures ignores past failings
Agorabillion euros. (Table 2.2). Greece’s programme started going off track early in 2011 when it became... (Table 2.2, in Greek). This meant that in three years, Greece implemented close to 40 billion euros... the deficit was estimated at 12.7 percent. Contrary to the popular belief that Papandreou’s government
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomythat they had granted, along with Attica Bank, a medium-term syndicated bond loan of 2.2 billion euros...’) existing contractual rights” deriving from the 2.2 billion syndicated loan since “through... estimated value stands at 491.84 million euros and this amount would constitute the share capital
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomyloans. Corporate NPEs came to 50.7 billion, bettering the target by 2.2 billion. Residential NPEs... percent from Q2 2017 until the end of 2019, which is more ambitious than the initial target by 2.2... of 2019. Most of the estimated NPE and NPL reduction is back-loaded and is expected to be implemented
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