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EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in
EconomyMacroeconomyannounced a new national lockdown. Naturally, the estimates for 2020, and potentially the carry-over... fronts. Even so, although the recession for 2020 is left unchanged at 9 pct, the estimates for next... in the estimates, however it can help domestic demand once it begins to flow. Naturally, the economic effects
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Newsletter 272 -06/11/2020
reported on Wednesday that the Finance Ministry is revising its estimates for recession this year... a new national lockdown. The estimates for 2020, and potentially the carry-over effect next year, do..., although the recession for 2020 is left unchanged at 9 pct, the estimates for next year’s recovery have
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Finance Ministry grapples with escalating cost of pandemic
Economyestimates are already looking dated. In Monday’s announcement, the current cost was put at 2.4 billion... the initial estimates to 3 billion euros for the first four months of the year, by adding 500... Nea reported on Wednesday that the Finance Ministry is changing its estimates on a weekly basis
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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgramme, the report notes that those fiscal savings’ estimates are upper bounds as households would be likely... of the gradual nationwide roll-out of the GMI scheme. Its cost is estimated at 0.5 percent of GDP... potentially be rationalised, reformulated or consolidated. Those benefits are estimated to amount to 1.79
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeaturesmultiplier effect is added in, which estimates that for every 1 euro of tourism revenue generated... stemming from the collapse of Thomas Cook were estimated at 315 million euros. Out of the total, 138.2... other than hotels partnered with Thomas Cook were estimated at 114.1 million, and those from
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Newsletter 222 -04/10/2019
million for the wider industry. When the tourism multiplier effect is added in, which estimates... estimated at 315 million euros. Out of the total, 138.2 million euros relate to pre-collapse amounts, and 52... estimated at 114.1 million, and those from airport arrivals stood at 10.4 million. The loss
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Newsletter 244 -20/03/2020
to one million employees according to the latest estimates. In the next phase of its response... closure, it is estimated that only around 600,000 of those who will become unemployed due to businesses... estimated that their turnover would drop by 51 percent in 2020 based on room rates. For conference rooms
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomy. For 2019, the Fund sees the budget in complete balance, leaving its estimates unchanged from the previous FM. It is worth highlighting the Fund has substantially revised its fiscal estimates since the FM... primary balance was estimated at 3.8 percent this year and 4.1 percent in 2019. General government
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ND hopes economy will pick up as second stage of lockdown easing begins
PoliticsGreek Politicshad their contracts suspended, are due to return to work. The government estimates that after... available to support struggling businesses and families. The European Commission estimates.... It is estimated at 6 billion, 2.9 pct of GDP, for next year. Greece is below the euro area average
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Newsletter 333 - 01/04/2022
budget at the end of November, it resisted calls to revise its estimates on inflation. It did so despite rising energy costs at the time, and based all its estimates on a rather benign average inflation... revenues at 37 pct, while special consumption taxes are estimated at 14 pct of revenues. Just those two
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