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Solid conditions in manufacturing continue with PMI at 53.2 in April
EconomyMacroeconomythe pace of new order growth slowed from March's high, it remained robust. Export order growth also eased... continuing in April. Material shortages and stronger order volumes contributed to a slight increase
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 2 percent for 2016. However, the government's baseline scenario projected a marginal primary... to be covered, the government proposed thirteen “parametric” measures worth 2 billion euros for 2015 (1.1 percent of GDP and 3.58 billion for 2016 (2 percent of GDP). On top of that, eight “administrative
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Growing hopes that Greek recession will be milder than expected
Economythis year, which is much softer than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyof debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent...: 1) GDP growth in line with the adjustment programme until 2022 and 1.5 percent thereafter 2) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankinginto a slight profit of 2 million euros in 2017, compared to profits of 37 million in 2016. The bank noted... percent to 1.67 billion. Net fee and commission income fell QoQ by 2 percent (87 million versus 89... in Q4 due to seasonality but fell by 2 percent across the year as a result of branch closures
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Newsletter 158 -20/04/2018
just over 2 percent. There is also the matter of defining the post-MoU surveillance... consequences. 2 Industrial turnover up by 3.1 pct in February Twelve-month trailing index grows by 9.6... surpasses the previous high of July 2017, when new overdue taxes rose by 2 billion. Greece’s new tax debt
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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomycapital formation fell by 5 percent YoY, while gross fixed capital formation showed an increase of 2... budget, Greece’s GDP is expected to grow by 2 percent this year and 2.8 percent in 2020. The IMF meanwhile anticipates growth of 1.8 percent this year, followed by 2.3 percent in 2020 and 2 percent
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Macroeconomic fundamentals for Greece
Agora. Figure 2 shows that these efforts are yielding some success. The number of inactive people... with Figure 2 above, the participation rate is assumed to increase from around 51 percent of the WAP... growth rebound after the Corona pandemic. As Table 2 demonstrates, because of unusual shocks
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A varied set of views on China
Agoraof inferior quality to that of western goods. In short, while Greeks are not disposed negatively... in their eyes. Nor do they envy life and work in China, and find Chinese commodities of inferior quality
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How big is the gap separating Greece and the institutions?
EconomyProgrammeand 2 percent for 2016, which is in line with the institutions’ proposal. However, the lenders... a fiscal gap of 350 million for 2015 and 800 million for 2016 2) The increase in the health care... million for 2015 and 405 million for 2016. 2) The institutions agree on a rise in the corporate income
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