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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammefor the scheme. In contrast, the MoF has not altered its initial estimate of a 900-million-euro fiscal... budget will incorporate an estimate for a primary surplus of 1.8 percent of GDP, slightly lower than... and it appears the troika estimates it would further increase in the last two months of the year
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Debt relief, MTFS and return to bond markets on agenda after technical agreement
EconomyProgrammethe programme target of 1.75 percent and higher than the 2017 budget estimate of 2 percent. Moreover... forecasts on May 11, which are expected to be downgraded from its previous estimate of 2.7 percent... sustain such large surpluses over an extended period of time” adding that it estimates a primary
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IMF raises growth forecast for 2019, lowers sharply medium-term expectations
EconomyMacroeconomygrowth is seen accelerating further in the last quarter of next year, with the estimate revised... by 1.8 percent, up from the April forecast of 1.7 percent. The current account deficit estimate... projections for Greece. The Fund keeps its growth estimates steady for this year, seeing real GDP
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Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
EconomyMacroeconomypct in 2022. After that, they return to the IMF’s long-term real GDP growth estimate of 1 pct... the 8 pct on average in the previous estimate. Stressing the baseline assumptions, a lower primary... and privatisation proceeds are estimated at 2.7 billion euros over the next 10 years, both estimates broadly
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IMF sees war having moderate impact on economy, while fiscal outlook remains solid
EconomyMacroeconomyon the global outlook. For Greece, the Fund sees a stable growth path, with the 2026 estimate at 1.8 pct... the 2 pct estimate in the autumn economic outlook and broadly unchanged for the medium-term.... The estimates are broadly in line with those of the Finance Ministry and the Bank of Greece
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Pieces of review puzzle yet to fall into place ahead of Eurogroup
EconomyProgrammein 2018 is the key area of dispute between the government and the IMF on one hand and the European... Tsipras and key ministers. On the fiscal front, where initial estimates were pointing to a fiscal gap... estimates converge towards an agreement later in December. This would require an extraordinary Eurogroup
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBankingnotably in the area of public administration and independent authorities will be key in securing... and the commitment by the Eurogroup to reassess the debt matter in the future should growth estimates not materialise.... BoG’s estimates are broadly in line with the other international organisations and institutions
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Staikouras strikes note of caution on fiscal space and tax cuts
EconomyProgrammewill be an area of focus for the new administration, with Staikouras confirming that the two systemic... surplus target will be met. Despite the latest estimates by the European Commission and Bank of Greece... clarity and accelerate growth. Bonds and banks The new finance minister estimates that his
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EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
EconomyMacroeconomyarea, the Commission sees a recession of 6.8 pct last year, followed by growth of 3.8 pct in 2021... in the estimates, Greek GDP is seen falling by 10 pct in 2020. This would be the second-biggest... that Greece will reach pre-Covid levels. The downward revision of the growth estimates for 2021 reflect
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IMF aligns Greek projections with EU, revises down GDP
Economyrecession estimate of 2.3 percent to be met, GDP needs to contract by more than 5 percent in the second... environment, the Fund stressed. The IMF also lowered its long-term GDP estimate for Greece now calling... downward its GDP estimates, aligning them with those the European Commission (EC) released in mid
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