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Breaking up is hard to do
Agorawill be leaving both the EU single market and the customs union. At the same time, May’s government has... they keep open a land border between an EU member state and a country that is outside the single market... to the single market and the customs union after Brexit took place. Indeed, in the first draft
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Newsletter 203 -15/04/2019
in most OECD countries due to the provision of benefits to families, a single-earner family with two... was in second place for this category. In addition, the tax wedge for the average single worker in Greece rose... with children compared with the average single worker. In Greece in 2018, this reduction came to 3.1 pps
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OECD forecasts unemployment increase into 2021
EconomyFeaturesthe single hit scenario, Greece’s employment growth is set to fall by 3.5 percent this year and by 1... year. The rate of unemployment under the single hit scenario is projected to rise by 2.1 percentage... next year. Real GDP growth for Greece is expected to shrink by 8 percent this year under a single
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyof Greece (BoG). Although the YoY drop is the slowest since April 2013, the monthly net deductions... the past 12 months and is largely attributed to corporate lending net deductions of 801 million... the 100-billion mark for the first time since September 2007. Monthly net deductions increased to 246 million
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyand exports, up by 25.1 and 28.8 percent respectively. According to the BoG, the higher net payments... in the net oil import bill and the trade deficit excluding oil and ships. On the flipside... respectively. According to the BoG, the evolution of trade deficit was affected by increased net
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomyin July from 214.81 billion a month ago. Monthly net deductions rose to 1.16 billion euros in July, which is the highest monthly reading since May 2013. In June, net deductions stood at 324 million... net deductions rose to 322 million in July from 128 million in June. The July figure along
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomy. The monthly loan flow remained negative for the third successive month with a slowdown in net... negative flow of 291 million, while corporate lending showed modest net additions of 35 million... 2011. The net flow turned positive to 35 million in May from net deductions of 261 million in April
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomynet oil bill. At the same time, the decrease in the services’ surplus mostly reflects lower net sea... net dividend payments and improved general government balance respectively. The aggregate figures... to a remarkable decrease in the net transport receipts attributed to capital controls. In addition, travel
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April current account deficit at 1.34 bln as goods deficit grows
EconomyMacroeconomy. The BoG stated that the worsening of the goods balance deficit was attributable to a higher net oil... net travel receipts. Travel receipts rose by 7.2 percent to 1.62 billion in April, meaning... in all main subcategories. The goods deficit was driven mainly by a higher net oil import bill, while
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomy). Net inflows stood at 2.35 billion in December from 394 million in November. The positive flow... performance led the net flow for whole year turning positive to 2.24 billion in 2013 from outflows... month on month (mom) for the ninth consecutive month on net deductions of 173 million in December from
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