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Greece goes deeper into deflation territory
EconomyMacroeconomyto a 1.1 percent decline in September, according to the Hellenic Statistical Authority (ELSTAT... years at 0.6 percent in 2015 and 1.1 percent in 2016, also reflecting a stronger GDP rebound. Our... income rather than a rationalisation of the pricing structure and practices in the real economy.
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyto corporate loans. Eurobank NII rebounded 1.1 percent QoQ to 377.9 million largely led by lower... trading and other income minus expenses) slightly improved by 1.1 percent QoQ to 204 million. Gross... the domestic economy is set to enter into recession as of Q3. Banks’ asset quality would be among the key
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CPI drops at a slower pace of 0.5 pct in October
EconomyMacroeconomybeverages and tobacco increased by 1.5 percent followed by hotels, cafes and restaurants (+1.1 percent.... The Greek CPI turned negative in May 2013 and the domestic economy has continuously been in deflationary... in HICP by 0.1 percent in 2016 and by 1.1 percent in 2017.
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Newsletter 106 - 10/02/2017
of the short-term treasury bills that we issue, but also for banks and companies,” Economy Minister... of employed dropped by 1,300 to 3.68 million and unemployed by 1,800 to 1.1 million The seasonally adjusted... by 1,300 to 3.68 million, while that for the unemployed declined at a faster pace by 1,800 to 1.1
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Draft budget sees stronger growth, fiscal targets being met
EconomyMacroeconomyof the programme will facilitate the recovery of the domestic economy in the second half of 2017, with carry over... from the Medium Term Fiscal Strategy (MTFS), led by 1.1 percent growth in private consumption and a 1...) is estimated to increase by 1.1 percent, following a 1.2 percent rise in 2017. Fiscal estimates
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Commission keeps outlook on Greece stable, sees growth picking up this year
Economyon quarter (QoQ) in the third quarter of 2017, which takes the growth of the first nine months of 2017 to 1.1.... It will also support the efforts to re-orientate the economy towards the tradable sector. Increased... pushed inflation up to 1.1 percent in 2017. Headline inflation is expected to decrease to 0.8 percent
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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomyassumptions almost unchanged, expecting the economy to grow by 2.5 percent, compared to 2.4 percent in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent... of the alternative scenario is 1.1 billion euros: 335 million from scraping pension cuts and countermeasures
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeand underspending on the expense side. Most notably, public investment (PIB) was 1.1 percent of GDP... and the clearing of state guarantees for bank loans, at 1.1 percent of GDP over the next five years... at swiftly bringing banks back to their key role of financing the real economy given that household lending
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FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomyreported ahead of the formal submission, the economy is seen growing this year by 6.1 pct, even higher than..., at 1.1 pct of GDP. Both figures are above the MTFS estimates by roughly one billion euros, where..., or 0.9 pct of GDP, higher from the MTFS estimate by roughly 1.1 billion euros. The ministry has also
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Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
EconomyMacroeconomydebt sustainability. The Greek economy is estimated to grow by 2.9 pct next year, from 2.4 pct... balance will come to 2.1 pct of GDP, from 1.1 pct this year. The total deficit will halve to 2.49 billion euros, at -1.1 pct of GDP, from 4.78 billion euros, -2.1 pct of GDP, this year. Interest payments
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