Search
-
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
42% -
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
42% -
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
42% -
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
42% -
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
42% -
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
42% -
Can the Green Transition be just?
Agora, as in 2021 they represented 72% of 1990 levels (Figure 2). Nevertheless, in recent years, this sector’s..., resulting in emissions in 2021 being virtually at 1990 levels. Figure 2: The evolution of emissions... by soaring fossil gas prices, puts forward a specific model of resource use. The energy crisis bore
41% -
Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand why these differences are important for policy interpretation. In part 2 of this blog, we will call.... Real GDP is the product of labor input and average labor productivity (Q = L *(Q/L)). Figure 2 shows..., and a bigger labor force, hence delivering higher employment throughout the future years (Figure 2
40% -
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
39% -
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...
38%