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Industrial turnover grows by 5.7 pct YoY in Dec - 2024 rise at 2 pct
EconomyMacroeconomy2024, the industrial turnover was up by 2 percent. Manufacturing revenue was up by 5.5 percent
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Growth of industrial production moderates to 2 pct YoY in Jan
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in January with a 2 percent year-on-year (YoY) rise, after a 5.8 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The index has been in annual growth continuously since March 2024
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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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OECD forecasts unemployment increase into 2021
EconomyFeatures. Scenario 2 sees GDP falling by 8 percent, leading to job losses of 153,000 while scenario 3, which... particularly that the coronavirus crisis reveals the limits of the country’s economic development model. “The lack of development of business culture and the limits of the existing model of tertiary
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Government lines up new zoning scheme, fuelling debate over growth model
PoliticsGreek PoliticsThe government has unveiled its plans to introduce a new zoning plan, which it says will restore some order to construction activity in Greece but which others fear will pave the way for more building in areas outside of the updated scheme. The new plan...
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agora, the Bank of Greece and the Ministry of Finance.[2] The internal bad bank model for Greek institutions... Criticising NAMA’, August 27th 2009. [2] Kontogiannis, Dimitris, ‘Bad Bank Model Gains Ground in Greece... constraints and new credit transmission channels As graph 2 (below) underlines, the total volume
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The oil and gas debate Greece is not having
Agorathe Paris agreement target of “limiting global warming to well below 2°C and pursuing efforts... of 2°C - there is little scope for the development of new fields, even when accounting for the natural.... The same paper estimates that, to meet a target of 2 °C, “a third of oil reserves, half of gas
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