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  1. Newsletter 97 - 25/11/2016

    Newsletters

    unchanged: they point to a mild recession of 0.3 percent in 2016 and a strong rebound of 2.7 percent.... “Ah, but support for the euro in Greece remains strong,” may be the counter-argument... to contend with double-digit unemployment rates regardless of whether growth meets the most optimistic

    6%

  2. Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
    Photo by David Rankin https://flic.kr/p/AntsE2

    EconomyMacroeconomy

    prefecture. Car sales have posted a double-digit growth in each of the last four years... 2010-2012, when car sales fell by 30 percent in each of those years. The strong rebound posted in the last three years is mainly attributed to renewal of rent-a-Car fleets, due to the strong tourism

    6%

  3. European Commission positive on Greece's macro and fiscal prospects
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , while investments are projected to record double-digit growth of 12 and 14.2 percent in 2017... revenues primarily stem from strong growth in indirect taxes and corporate income tax as well... that the strong revenue performance in 2016 “implies considerable upside risks to the forecast which augurs well

    6%

  4. Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    exports decreased by 1.6 percent in the January to September period reflecting a double-digit growth... and the IMF point to a strong recovery of 2.7 percent for 2017. The Finance Ministry also expects... be pointed though most organisations stress that the anticipated strong rebound in 2017 is subject

    6%

  5. Car sales hit the accelerator in Feb, increasing by 43.1 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of car sales, while more than 57 percent are registered in the Attica prefecture. Following the strong... decelerating from the 13.5 percent growth rate posted in 2015. However, despite the double-digit growth recorded in each of the last four years with a cumulative strong rebound of 66 percent from the low

    6%

  6. Industrial production rises at record high rate of 10.8 pct in Feb

    EconomyMacroeconomy

    industrial groupings posted a strong rebound mainly led by capital goods (+20.7 percent) and energy... breakdown showed motor vehicles and trailers excelled (+376 percent) followed by double-digit growth rates... is the second highest reading since September 2011. Following the strong performance in February

    6%

  7. Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    with expectations. The report highlights that the lack of a strong rebound in private consumption may lead...-term in open economies with strong institutions, adding that Greek institutions are weak.... The report concludes that the current situation requires a double effort. On one hand, the Greek

    6%

  8. Industrial turnover up by 8.1 pct in June for eighth consecutive rise
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    for the year so far. The ongoing double-digit rise in the past seven months boosted the 12-month.... The strong performance in June originates from an increase in the turnover index for mining... by 17.2 percent, while that in the domestic-market increased at a slower pace by 2.3 percent. The strong

    6%

  9. Newsletter 132

    Newsletters

    reading in a row, although it represents the lowest rate of growth for the year so far. Double-digit..., also reflecting weak performance in the second half of 2016. The strong performance in July originates... account surplus at 1.57 bln in July Strong performance in services balance, primary and secondary

    6%

  10. Back from the brink: What next for Greece's property market?
    Photo by Giannis Papanikos/Fosphotos

    EconomyFeatures

    annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop of -10.9 percent... foreign interest in these markets. However, while the interest is strong, it should be noted... begin lending at strong levels once more. “There is a buzz right now in property, but in selected areas

    6%