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  1. IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    , to fall by more than 10 pct annually. Beyond that, Athens sees a moderate drop in the last quarter... even deeper than the second quarter drop. In the medium-term, the Fund expects Greece to return

    2%

  2. Pandemic takes heavy toll on Greek workers, study finds
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    , receiving less than 50 percent of their salary and exposing them to a particularly high risk... an increase in the number of persons receiving less than 200 euros per month. In Q2 2019, only 1

    2%

  3. Growing concerns over second lockdown in food service sector, a key employer
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyFeatures

    looking more disruptive than the first, the more adverse scenario of a GDP contraction of up to 10... with more than 100,000 dependent members. The latest employment figures from Ergani as of September showed

    2%

  4. Building permits drops by 3.3 pct in Aug, up by 13.7 pct in 8-month period
    Photo by MacroPolis

    EconomyMacroeconomy

    come close to this high. Total permits for 2019 came to roughly 82 percent lower than the 2005 peak. Much of the current building activity also concerns refurbishments rather than new building projects

    2%

  5. Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion
    Photo by MacroPolis

    PoliticsGreek Politics

    More than 100 Greeks who contracted Covid-19 died over Saturday and Sunday, making it the worst weekend since the pandemic began. As authorities struggle to cope with the public health challenged... March and September 1, Covid-19 claimed 207 lives in Greece. According to reports, more than 3,300

    2%

  6. Piraeus Bank posts pre-tax losses of 133 mln in 9M
    Image via www.piraeusbankgroup.com

    EconomyBanking

    balances. Additionally, more than 1.5 billion SME loans have received an interest rate subsidy...’s NPE derisking plan. “We remain more committed than ever to our aspiration for becoming a more lean

    2%

  7. Budget primary confirmed at deficit of 9.07 bln in October
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , as mentioned, 53 million euros or 0.1 percent higher than the target of 38.56 billion euros. State... to the pandemic which came to 1 billion euros. State budget expenditures for the aggregate period were higher than

    2%

  8. Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    before resuming the declining path towards 153 pct of GDP in 2029, 8 percentage points higher than...) remain below 15 pct of GDP over the ten-year projection period, averaging 10 pct annually, higher than

    2%

  9. GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . This is due to the second wave of the virus manifesting with a much harsher profile than the first, along with a poor tourism season in Q3 which generated much lower revenues than the government had

    2%

  10. Turnover in tourism drops by 62.6 pct in Q3
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent. In 2019, the annual increase came to 1.3 percent for the year, lower than the average... decreased by 37.9 percent on the back of lower than expected demand. According to the Bank of Greece, Greece

    2%