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  1. OECD sees recovery slowing, urges fiscal discipline
    Photo via http://www.oecd.org/

    EconomyMacroeconomy

    recovery to 1.1 pct in 2023, rising to 1.8 pct in 2024. According to the OECD, private consumption... pct of GDP, as support packages have set back the investment grade objective and Greece needs to get

    8%

  2. Record year for Greek tourism raises concerns about sustainability
    Photo by MacroPolis

    EconomyFeatures

    popular destinations. As the sun set on a bumper tourism season, it was already becoming evident.... Santorini received almost 10 percent fewer international passengers but managed a 1.1 percent increase

    8%

  3. Underwhelming GDP highlights investment falling short of mark
    Photo by MacroPolis

    EconomyMacroeconomy

    dealt a serious blow to the economy. The QoQ movement in Q1 was unchanged, it was up by 1.1 pct... than 15 pct this year. This set of conditions will tie the hands of the government regarding

    8%

  4. Mitsotakis launches mini-support package in bid to create positive momentum

    PoliticsGreek Politics

    spending measures starting in the current fiscal year. The measures total 1.1 billion in extra spending..., and 500 mln euros of public investments. Renters meeting certain income criteria are set to receive

    8%

  5. Clarity over fiscal space allows PM to prepare next relief package

    PoliticsGreek Politics

    , unveiling 1.1 billion euros in extra spending, split into 600 mln euros of support schemes... for a similar effect in September, when he unfurls the latest set of measures in Thessaloniki. Opinion poll

    8%

  6. Company closures dropped sharply during the pandemic
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    and retail trade; repair of motor vehicles and motorcycles” which saw 8,082 closures. While that may seem... actually dropped 18.9 percent. In fact, only one sector saw an increase in the number of closures in 2020: electricity, gas, steam and air conditioning supply, which saw an increase of 26.4 percent

    8%

  7. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    to the targets being beaten over the last four months, even though there is a steady increase

    7%

  8. First round of local elections leave Greek politics finely balanced
    Photo by MacroPolis

    PoliticsGreek Politics

    Democracy’s incumbent Vassilis Michaloliakos was beaten into second place by independent Yiannis Moralis

    7%

  9. Wages index edges up YoY in Q1 after sinking by 24.8 pct since 2010

    EconomyMacroeconomy

    beaten by that of Cyprus (-7.9 percent). In addition, Greece and Cyprus are the only two countries

    7%

  10. Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July

    EconomyMacroeconomy

    and means that the primary surplus target was beaten by 1.48 billion euros. The fiscal performance

    7%