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  1. Where is Odysseus? Part 4 - Unemployment and Employment
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    , and the natural rate will be somewhat lower.[2] Similarly, the ability to tailor the work week or working... for employment will be between the low and high scenarios, as indicated in Figure 2. The calculations... of Greece” (Amazon.com 2020). [2] For instance, labor markets in the US tend to be more flexible than

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  2. Where is Odysseus? Part 5 - Productivity
    Photo via https://flic.kr/p/2cusZTV

    Agora

    .[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018... of real GDP, which is presented in Figure 2. Again, we show the current path as the solid line... of Greece” (Amazon.com 2020). [2] As we write these blogs, new shocks are hitting Greece and the world

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  3. Newsletter 351 - 16/09/2022

    Newsletters

    challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP... to deliver in the region of 2 billion euros of surplus before interest payments. Most such fiscal..., which in the region of 2 pct of GDP will provide the 4 billion euros needed to cover the interest

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  4. Newsletter 352 - 23/09/2022

    Newsletters

    : Greece will stick to its commitments and deliver the primary deficit of 2 pct of GDP, although... expected before. The budget impact will be 4.3 billion euros, or 2 pct of GDP, with the Transition Fund... by the ministry - barely moving above 2 pct.MacroeconomyCharts of the weekIndustrial turnover Greece

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  5. Tracking Greece's fiscal performance
    Photo by MacroPolis

    Agora

    (and the drop in debt relative to GDP) will persevere. The primary balance. Figure 2 shows the general... adjustment between €5-10 billion (2½-5 percent of GDP) is necessary to restore a sound primary.... This benefit will pass as the ECB makes further efforts to bring inflation down to around 2 percent a year

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  6. Newsletter 376 - 31/03/2023

    Newsletters

    . The first Sunday of that month, July 2, is seen as the cut-off point for a second election..., which is expected to take place on May 2, will determine whether Ellines, the party of jailed Golden... will be dissolved anew by May 31, and new elections declared for July 2. The second contest would take place under

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  7. Newsletter 387 - 30/06/2023

    Newsletters

    outperformance of 2 billion euros up to May thanks to VAT and income taxes beating targets. However... dropping below 2 pct, it might struggle to continue pushing back on that front and fiscal space might get... encouraging signals for Greece as economic sentiment rose by 2 points to its highest since early 2022

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  8. PBO sees normality returning, but inflation will have multifaceted effects

    EconomyMacroeconomy

    by 10 pct, stemming from the withdrawal of support measures; and an increase of public spending by 2... growth of 2 pct. The 2 pct rise in handout spend will push up GDP growth by a negligible effect

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  9. Newsletter 388 - 07/07/2023

    Newsletters

    , and an increase in public spending by 2 pct due to improved budget performance that will generate... to a more moderate growth of 2 pct. The 2 pct rise in handout spending will push up GDP growth

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  10. IMF forecasts high primary surpluses, tempers growth expectations
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    . In the World Economic Outlook (WEO), real GDP growth is seen at 2.5 pct this year, slowing down to 2 pct... pct in 2023. On the fiscal front, the primary balance is expected to double next year to 2 pct of GDP, from 1 pct in 2023 and remain above 2 pct for the whole forecast horizon up to 2028 at 2.2 pct

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