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OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
EconomyMacroeconomyThe OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities. GDP growth is projected to remain resilient at 2 pct in 2025 and 2.1 pct in 2026, supported by higher
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyGreece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday. This is the fifth consecutive positive reading after a period of contraction that started in March 2023. The index had
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was broadly
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Deposits drop by 2 bln in July, driven by corporations
EconomyMacroeconomyPrivate sector deposits moderated in July, with a net outflow of 2 billion euros, after a solid rise of 8.57 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in July was 8.9 percent year on year (YoY), from 9.3 percent
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Greece lays out plans for debt relief from eurozone
EconomyProgrammewas reduced to Euribor plus 50 bps and currently stands at 0.84 percent. The cost of EFSF loans...) in the next years. That said, a conversion of GLF interest rate from its current level of Euribor plus... to approve the next tranche for Greece (the last disbursement of 1.71 billion was made on August 2, 2013
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Newsletter 289 - 19/03/2021
the first hour. Following the solid start, the guidance was revised to Mid Swaps plus 150-155 basis points. By mid-day the other book exceeded 26 billion euros and the yield settled at Mid Swaps plus 150... billion euros to cover the loan obligations of 2021 and 2022. 2 Unemployment drops to 15.8 pct
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No image availableof the following sections (1) Home, (2) Politics, (3) Economy, (4) Society, (5) Statistics, (6) Charts, (7... “certain period of time” will be decided in the future by the Company, 2. Login and License 2.1. Use... The subscription service consists of the following options: (1) the Standard Access and (2) the Full Access
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyrelief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... surplus of 3.5 percent of GDP until 2027 and gradual decline to 2 percent of GDP until 2037. The second
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammean interest of around 2.5 percent, have a maturity of 39 years and amortize from 2023 until 2054. 2) GLF bilateral loans of 52.9 billion euros have a current interest rate of 0.65 percent (euribor plus... execution showed a revenue shortfall of 2 billion euros as of January and Varoufakis suggested
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