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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturescard and electronic payments. The study titled “The use of cash by households in the euro area... surveyed at 75 percent. The survey found that in 2016, euro area consumers made 1.6 payments per day on average, equalling nearly 11 payments per week. Of these, the average in the euro area was 1.2
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Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
EconomyMacroeconomyin 2013, which was slightly milder than the initial official recession estimate of 4.2 percent... Commission and the IMF estimate GDP will rebound by 0.6 percent in 2014. Projections made by the Bank... (Q1) of 2014 from -2.3 percent in Q4 2013, according to flash estimates published by the Hellenic
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomythe previous estimate. However, the impact of recession during the period 2008-13 is now much deeper... the previous estimate) mainly stems from: a) A positive impact of 2.89 billion euros from methodological... with up to 1 percentage point revision from previous estimates
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Newsletter 45 - 02/10/2015
a lower recession for this year at around 1.5 percent vis-à-vis the institutions’ official estimate of 2.3 percent. It may also forecast a milder recession for 2016, compared to the current estimate... than 15 November”. Although current estimates point to a lower level of official sector
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Newsletter 197 -8/03/2019
by 0.1 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018, provisional estimates from the Hellenic Statistical Authority (ELSTAT) showed. The first estimate of the overall GDP figure... euros) and fell short of the Ministry of Finance’s (MoF) final budget estimate of 2.1 percent for 2018
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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomya first estimate of the overall GDP figure for 2020, showing GDP dropped by 8.2 percent in real terms... to revision in the second GDP estimate which ELSTAT will release later in the year. The GDP increase..., provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. Compared to Q4
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GDP rises by 2.3 pct QoQ in Q1 as consumption grows, but other components shrink
EconomyMacroeconomy. According to the Finance Ministry’s latest official estimates included in the Stability Programme for 2022-2025, the growth estimate is revised down to 3.1 pct, from the 4.5 pct figure included in the final 2022 budget. The latest inflation estimate has also been pushed up to 5.6 pct for HICP
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Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023
EconomyMacroeconomy. The IMF cut the growth estimate for the eurozone by half to 0.5 pct for next year, from 1.2 pct seen in the previous estimate in July and the eurozone’s engine Germany is now seen in a small... stable in 2023 at 12.2 pct. Overall, this is a welcome set of data estimates from the Fund as over
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GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
EconomyMacroeconomyfor the Greek economy. According to the Finance Ministry’s latest official estimates included in the final budget of 2023 that is currently debated in Parliament, the growth estimate for 2022 was 5.6 pct and 1.8 pct for 2023. The most recent inflation estimate for the national CPI is 9.9 pct
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Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct
EconomyMacroeconomymonths. According to the Finance Ministry’s latest official estimates included in the final budget of 2023, the growth estimate for 2022 was 5.6 pct and 1.8 pct for 2023. The most recent inflation estimate for the national CPI is 9.9 pct for 2022 and 5 percent for 2023. In the latest financial
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