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  1. IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    The IMF released on Tuesday its latest economic estimates in the context of the World Economic... previous estimates of a more modest recession in the area of 4 pct. Alternate Finance Minister... is on course for an estimated drop of 7.5 pct, according to the IMF, which expects a recovery of 4.7 in 2021

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  2. Newsletter 249 -08/05/2020

    Newsletters

    . Government spending, thanks to various support initiatives that the Commission estimates at 6.9... to -2.1 percent of GDP in 2021. Gross debt estimates by the Commission reach 196.4 percent of GDP... of the damage to the country’s key tourism sector. the estimated 700,000 workers employed in the sector. Among

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  3. Newsletter 257 -07/07/2020

    Newsletters

    contraction of 9 pct in 2020, from 9.7 pct in the spring estimates. Although Greece can take some comfort..., the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which... will drop from 2.4 billion euros estimated initially for this year to 900 million. Another billion

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  4. BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
    Photo by MacroPolis

    Economy

    contracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates... and any new ones which might be formed from the pandemic. It is estimated that after all banks

    2%

  5. Newsletter 278 -14/12/2020

    Newsletters

    contracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates... new ones which might be formed from the pandemic. It is estimated that after all banks complete

    2%

  6. Newsletter 307 - 10/09/2021

    Newsletters

    recent forecast. Before this week’s GDP release, the estimates of major international organisations... the more optimistic estimates of the private sector, which converged towards a consensus of above 5... in his speech at the Thessaloniki International Fair over the weekend. It is estimated that 1 percentage

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  7. Govt finds devil is in detail for windfall tax on power companies
    Photo via https://flic.kr/p/2jr5z2o

    PoliticsGreek Politics

    been deducted. The RAE report estimates that 5-20 pct of each supplier’s contracts could fall into this category. Early estimates floated in the media have suggested that the final amount could... fixed price contracts more than wipes out the estimated profits. Other companies are also said

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  8. Govt puts focus on handouts, migration to take heat off surveillance affair
    Photo via https://flic.kr/p/5Wq2VT

    PoliticsGreek Politics

    . According to the last estimates by the Finance Ministry, the cost to the budget of absorbing the expected... the state. All in all, Finance Ministry estimates place the “pure” fiscal overperformance at 800 million... be supported out of an estimated 5.17 bln of tax overperformance achieved between January and July

    2%

  9. IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    . It will be 1.4 pct in 2024, 1.6 pct in 2025 and estimated at 1.9 pct in 2026. The estimates... these estimates were at 178.7 pct of GDP in 2023 and under 161 pct, at 160.7 pct of GDP by 2027. This change

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  10. Return to investment grade overshadowed by flood destruction

    Economy

    investments. DBRS endorses the Greek authorities estimates of 2.3 pct growth this year, as the investment..., with some initial estimates briefed by Greek officials seeing it more than 3x potentially reaching 2.5.... The area was three years ago again affected by floods and the fiscal cost was estimated at 800 million

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