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The quarterly national accounts from the income side
Agorapulls back, a government impulse helps to level GDP upwards); and 2) The challenge for Greece is now... becoming structural.[2] This policy has caused, in part, the widening of the deficits during... to spend around 1.7 percent of GDP in 2021. [2] We do not see evidence that expenditures are cut
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The case for a general government balance sheet
Agoraand 2 illustrate balance sheet data in more detail. Figure 1 above captures for Greece and the Euro-19... to a more detailed look at the balance sheets in Tables 1 and 2. The balance sheets reflect the data..., it is possible to make the balance sheet not only backward looking, as in Tables 1 & 2, but also
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Newsletter 327 - 11/02/2022
has pledged since the start of the energy crisis last autumn to 2 billion euros. Finance Minister... into February. This means the government has committed more than 2 billion euros to help consumers pay... to present a budget at the end of this year that will lead to a surplus, even if it is not at 2 pct
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Govt weighs escalating impact of Ukraine war on public finances
PoliticsGreek Politics, the average price of unleaded fuel at the pump is expected to cross the threshold of 2 euros/litre. More... to 3.5 pct from the original 4.5 pct in its baseline scenario, while the adverse scenario is as low as 2... of the proposal to exempt defence spending from fiscal calculations. Such a move could shave around 2
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
EconomyMacroeconomydeterioration of the current account. This is largely due to the oil deficit that exceeded 2 billion euros... deficit of 1.9 pct in 2022, with surpluses increasing from 1.1 pct of GDP in 2023 to 2 pct of GDP in 2027... and a primary deficit this year of roughly 2 pct, as things stand and assuming no escalation in relations
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomyinflation is 2 percentage points above the latest estimates, and a benign one where inflation..., the ministry revises the primary deficit upwards to 2 pct of GDP, from 1.4 pct before... inflation on the contrary, pushes the primary balance above 2 pct of GDP this year and lower than estimates
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Newsletter 336 - 06/05/2022
that the authorities submitted to Brussels last week. The deficit will only stretch to 2 pct of GDP... above 2 pct of GDP in the two subsequent years to 2025. This leads to a consistent downward path... conditions were evident in the steeper yield that exceeded 2 pct, drawing just 1.5 billion euros from just
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NBG profits narrow to 208 mln in Q1
EconomyBankingvirtually unchanged, standing at 2 billion euros at the end of Q1, from 2.1 billion euros... million in 2021, was up by 2 pct to 373 million euros. Operating expenses in Q1 2022 were stable at 192... with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to -2 basis points
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Where is Odysseus? Part 4 - Unemployment and Employment
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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Where is Odysseus? Part 5 - Productivity
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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