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Newsletter 445 - 13/12/2024
balance was pushed to -6.6 and -4.5 pct of GDP in 2020 and 2021. The temporary nature of the support initiatives allowed Greece to quickly balance on a primary basis already in 2022 and run a surplus of 2.1 pct of GDP in 2023. The 2025 budget sees the primary balance at 2.5 pct of GDP this year
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Greek parties face fine balance as they discuss name issue
PoliticsGreek Politicsopinion poll published by Public Issue underlined just how finely balanced things are for each
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Athens hopes for letup in Turkey friction, but talks still in balance
PoliticsForeign Policynot lead to a balanced outcome for both sides. Mitsotakis also appeared open to the idea of meeting
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Budget exudes fiscal stability, but hints at political complications
EconomyMacroeconomyin the case of Greece to more than 209 pct of GDP in 2020, and the primary balance was pushed to -6.6... to quickly balance on a primary basis already in 2022 and run a surplus of 2.1 pct of GDP in 2023. The 2025 budget sees the primary balance at 2.5 pct of GDP this year and will remain at that level
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Athens waits for EU recovery fund outcome as new Mati fire claims emerge
PoliticsGreek Politicswith it. According to the newspaper, the fire service investigator given the task of looking into what went.... It suggests that a lack of coordination and prompt action by the fire service contributed to the fire... service’s failings, at some point during the recorded conversation between Liotsos and Matthaiopoulos
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomy1.15 billion last year, according to the Bank of Greece (BoG). The improvement in the C/A balance..., which explains the improvement in the overall balance. Exports stood at 1.71 billion in April... in the first-quarter performance, the deterioration of the C/A balance by 830 million YoY mainly
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Current account deficit expands to 937 million in Feb
EconomyMacroeconomymostly reflects a higher travel and other services balance. Specifically, travel receipts decreased... in the oil balance deficit, while the non-oil balance improved. However, non-oil exports and imports... in the secondary income balance is attributed to improved general government balance. The aggregate figure
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Turnover in services shows deterioration in Q1
EconomyMacroeconomydecreased by 41.4 points month-on-month to 40.3 points. Year-on-year, the service confidence indicator...Turnover indices for the services sector showed a deterioration in the first quarter (Q1) of 2019... improvements were noted in 10 out of 15 services, slightly down when compared to increases in 12 out of 15
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Turnover in services shows year-on-year deteriorations in Q2
EconomyMacroeconomyimproved by 5.4 points month-on-month to -28.8 points. Year-on-year, the service confidence indicator has...Turnover indices for the services sector showed a deterioration in the second quarter (Q2) of 2019... deteriorations were seen in 12 out of 15 services, compared to annual improvements seen in 10 out of 15
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