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Newsletter 437 - 18/10/2024
Statistical Authority (ELSTAT) released this week the second estimate for 2023 GDP, along with some benchmark... the growth outcome for last year, from 2 pct in the March first estimate to 2.3 pct, while of prior years..., an issue that also now manifests itself in the housing crisis. It is estimated that the shortage
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IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook
EconomyMacroeconomyGDP estimates were virtually unchanged with growth seen at 2 pct, from 2.1 pct expected previously... estimates of a total deficit of 0.3 pct last year and 0.5 pct of GDP in 2025, marginally rising to 0.6... pct in 2025, from 49.5 pct of GDP in 2024. The IMF uses a different methodology and its estimates
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Study estimates tax evasion costs taxpayer up to 16 bln annually
EconomyTax evasion in Greece is estimated to range from 6 to 9 percent of GDP, involving tax losses from... as a result of alcohol, tobacco and fuel smuggling, as well as corporate tax evasion, is estimated... to 2010, the Greek shadow economy was estimated at 27 percent of GDP, well above the OECD average
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeaturesto estimate the impact of the coronavirus on the country’s vital tourism industry. The study examined..., INSETE estimates that the loss of tourism revenue this year will be extensive, since the second... estimates that spending on international flights is expected to drop by 88 percent for the British market
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammethat the European institutions estimate the 2016 fiscal gap slightly higher at 0.9 percent of GDP... the quadriga heads to return in the first ten days of March. He also confirmed that the estimates of the three...’ estimates mostly relates to a different assessment on the outcome of the already implemented
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy, is expected to reach 1.09 percent of GDP in 2016, higher than both the draft budget estimate of 0.63... detailing the government’s fiscal and macro estimates for 2016 and 2017. The government’s initial forecasts were included in the draft budget that was tabled on October 3. Fiscal estimates The general
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General government bottom line continues to improve with moderate decrease in arrears
EconomyMacroeconomy) below 3 percent of GDP in 2013, beating the troika estimate of 4.1 percent. He also added that if Greece... consecutive month. Following this performance, we estimate the revenue shortfall has further narrowed
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Greece agrees with troika, looks to tranche release and redistribution of surplus
PoliticsGreek Politicsapparently settled at 2.9 billion, which is well above the 2014 budget estimate of 812 million and even larger than Samara’s recent estimate that it would be “in excess of 1.5 billion”. The same source also
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
Economy. According to our initial estimate a month ago, the capital cushion would reach 2.3 billion euros... and Piraeus 3.26 billion. Following the recognition of additional DTA in Q2, our estimate for the banks
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Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio
EconomyMacroeconomymillion higher than previous estimate. Furthermore, gg debt was also confirmed at 317.12 billion... estimate (published in November 2014) of 1.8 percent and the institutions’ fiscal target of 1.5
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