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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomygrowth estimate in the final budget for 2022. Harmonized inflation is also significantly revised... inflation is 2 percentage points above the latest estimates, and a benign one where inflation is lower by 1 percentage point from estimates. In the adverse scenario, the growth rate drops by 1
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Greece's labour market is austerity's biggest casualty
Agoraa conservative estimate of 20,000 job losses in the accommodation and food service activities, the Greek... and the recession does not exceed the finance ministry’s estimates) and the revenue side of the budget... jobs lost, an estimated 200,000 properties in stock, the state repeatedly reducing the public
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Newsletter 101 - 23/12/2016
of reforms and privatisation measures. BoG upgraded its macro estimates, which now point to a marginal GDP growth of 0.1 percent in 2016 from a mild recession of 0.3 percent in its previous estimate... estimated that the increased use of plastic money in Q3 2015 explains the increase in VAT revenues by 600
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesrange is applied on a rolling basis. On the back of those restrictions, we estimate that the eligible... estimates on the correlation between government bond yields, credit ratings and monetary policies... is delayed significantly, the impact on bond yields would be lower than initially estimated and would
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammeis estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2 percent... from the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent
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Newsletter 435 - 04/10/2024
once again to revise down its growth estimate for this year to 2.2 pct, when in the final 2024 budget... growing by 6.7 pct this year. Real GDP growth estimates also moderate further from 2027, when... years is due to receive some sizable military orders estimated at 4 billion euros for warships
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What is the state of play with Greek banks?
Economy, the evolution of bad loans going forward is the key threat and unpredictable factor in any estimate... loss projections with forward-looking estimates on the domestic loan losses over a 5-year horizon... a majority stake in Pangaea, its real estate investment subsidiary with an estimated market value of its
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybackstop facility. It is, however, premature to estimate any a figure given that several major issues... point out: - the haircut that would be applied to banks’ profitability estimates included... for 2014-15. The latter was estimated at 10.9 billion by the IMF in its latest review report in July 2013
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyof 1.5 percent. The ministry is reportedly going to set its estimate for 2015 at 2.3 – 2.5 percent... by Athens and its lenders. Apart from the updated estimates on income tax and single property tax... was estimated at 2.02 billion (1.1 percent of GDP) by the IMF in its fifth review report on June 10
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeof GDP in 2015 incorporated under the assumption that there are no policy changes. This estimate... (privatization proceeds) of 1.5 billion for 2015. Under more positive estimates on the revenue..., the primary surplus for 2015 is estimated at 2.1 billion euros compared to 593 million in 2014. The breakdown
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