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OECD adds to strong recovery forecasts, sees 6.7 pct growth this year and 4.8 pct in 2022
Economyand workers dropping out of the labour market, and delay improvements in the economy’s capacity and productivity”. The forecasts are broadly in line with the Finance Ministry’s latest estimates included..., 5.2 pct in 2022 and 3.6 pct in 2023. In October’s economic outlook, the IMF estimates that Greece
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GDP up by 2.7 pct QoQ in Q3, taking growth for first nine months to almost 9 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP increased by 2.7 pct quarter-on-quarter in the third quarter of the year (Q3), from a downwards revised 2.1 pct in the second quarter (Q2) provisional data from... and slightly narrow next year’s growth estimate. According to the MoF’s latest estimates included
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High participation in bond swap provides end of year boost
Economyswap offer that it announced last week, giving Greece’s debt managers one more confidence boost... exchange of 1.1 billion euros. The PDMA’s main purpose with this transaction is to normalise the yield... initiative of 7 billion euros. The PDMA wants to maximise the benefits of the ECB’s safety net and is also
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End of freeze on layoffs coincides with worst ever hirings balance in Nov
EconomyMacroeconomyGreece’s employment balance remained deep in the red in November with 79,129 more departures than hires, from negative 70,048 in October, according to data from the Labour Ministry’s Ergani..., improving by 44,793 jobs year-on-year, capturing the base effect of last year’s first lockdown
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PDMA's debt strategy for 2022 includes green bond in 12 bln haul
EconomyGreece’s debt managers (PDMA) published last week the debt strategy for next year, which... peers. As part of Greece’s sustainability agenda, the national target is to reduce greenhouse emissions... to 8.2 years average for Greece’s peers. The maturity profile is modest, kept at under 13 billion
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Covid spike forces change in govt plans, eclipsing deal with banks for rollout of RRF loans
PoliticsGreek Politicsgovernment spokesman Yiannis Economou defended the PM’s decision to leave the capital for a few days... with the country’s four systemic banks for the rolling out from next year of the private loan segment... as part of the emergency response to Covid’s impact on European economies. Alternate Finance Minister
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Public sector capital stock in Greece and the Euro-19
AgoraCapital is a key input in the production function of a country’s economy. It makes another crucial... and again in 2020, it’s capital stock ratio also rose a bit. This is a cyclical effect, not structural... investments in all countries. In Greece, the EU’s Recovery Fund is intended to move in this direction
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Govt offers more energy subsidies in Jan to cushion impact of high prices
PoliticsGreek Politicscleared by the EU’s competition authorities. The total cost of the electricity and gas subsidies... months. Before Skrekas’s announcement, reports suggested that the minister would set out a more long... from households when electricity and gas bills start to drop on consumer’s doormats this winter
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Despite job losses in Q4 2021, year closes with positive hirings balance
EconomyMacroeconomyGreece’s employment balance remained negative in December as departures outpaced hires by 2,598, according to data from the Labour Ministry’s Ergani information system. This followed a negative... was positive by 133,082, improving by 40,079 jobs year-on-year, capturing the base effect of last year’s
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Economy, before yesterday’s issue. The shifting landscape is also evident when compared to last year’s data, when... for just 6 pct. The PDMA will be active during the first quarter of the year while the ECB’s PEPP
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