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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomy, the actual figure indicates an outperformance of 535 million so far this year. This is attributed... percent reaching 1.1 billion in the 8-month period from 2.85 billion last year. Revenues Revenues... unrealistic taking into account the revenue performance so far. Although, the payment of ENFIA, the remaining
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Govt banks on uptick in vaccines over coming months aiding return to normality
PoliticsGreek Politicsthe situation appears brighter as far as the rollout of the vaccine programme is concerned. On Tuesday... a total of 1.62 million vaccines (1.1 mln Pfizer, 450,000 AstraZeneca and 70,000 Johnson&Johnson... of the rollout has been dictated by the limited delivery of vaccines so far. The successful
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As SYRIZA looks towards centre, will New Democracy turn to its right?
PoliticsGreek Politicsprivatised by the coalition. He also talked up the importance of the private sector in the Greek economy... an investment shock to restart the economy,” Tsipras told Bloomberg in an interview on the same day...: to feel safe about the euro area and the prospects of the Greek economy and to see serious public
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Parties debate pandemic response as public approval deteriorates
PoliticsGreek Politicsresponse so far, stressing that despite a recent surge in cases Greece has maintained one of the lowest... figures on the economy to argue that Greece’s recession is in line with the European average, while... of the markets’ confidence in the Greek economy. The prime minister also defended his government’s record
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Newsletter 418 - 29/03/2024
also highlighted the challenges facing the Greek economy. We argued in a recent newsletter that any close observer of the Greek economy should not have been surprised that Moody's pointed out...) terms - essentially how far a euro goes in terms of household spending power - placed Greece
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Government’s growth ambitions meet RRF reality
EconomyMacroeconomyachievement for the Mitsotakis administration, which was rewarded for its steady hand on the economy since... Pierrakakis reason for vigilant oversight. The latest GDP release for Q3 showed that the economy grew... club, favouring large businesses and projects. So far, 542 agreements have been signed between banks
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Multiple facets of inequality in Greece: a decade of divergence between data and daily life
Societyends meet — a figure far above the European average. As the report notes, “traditional income-based... pace with wage growth in the broader economy” . Self-employment — a longstanding feature of the Greek economy — is a major driver of inequality. It consistently shows the highest internal Gini
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Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 0.6 points in May after increasing in the preceding two months, European Commission (EC) data showed on Monday. The ESI has hovered around the 90-point mark..., when ESI also fell below the 90-point mark. From its recent low of 76.1 last August, the current ESI
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Economic sentiment at 113.2 in Feb, strong improvement in services and retail
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 3.7 points in February to reach 113.2 points, European Commission (EC) figures showed on Thursday. The EC noted that the ESI figures have been historically... (EEI). This indicator has been designed to complement the growth-related focus of the ESI
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Taking a macro snapshot
Agoraand the overall conditions in the economy, far from showing signs of notable recovery. Following... of the current state of the economy. The shaded area in the charts represents May and June 2012 when... in turn affected demand across the manufacturing economy." Consumer confidence has improved from
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