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  1. IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    The International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth. Specifically for Greece, growth for this year wa...

    29%

  2. Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
    Photo by Aggeliki Koronaiou/Fosphotos

    Society

    The latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low. The risk of poverty threshold has dropped to 5,2...

    29%

  3. Credit flow turns negative in July with outflow for corporations at 1 bln
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negat...

    29%

  4. Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In Decemb...

    29%

  5. Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    Greece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes...

    29%

  6. Greece - Some structural macroeconomic arithmetic
    Photo by MacroPolis

    Agora

    growth. Consider Table 1 below, which presents recent growth outlooks for Greece by the Ministry... suggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent... are average workers in the economy becoming more efficient to make up for fewer in number.[1

    19%

  7. Lenders set out 49 milestones for Greece to meet before next bailout tranche

    EconomyProgramme

    to the banking sector to “safeguard financial stability” include: 1) Finalisation of a comprehensive.... The current set of prior actions involves: 1) Integration into the Unified Auxiliary Insurance Fund (ETEA) by September 1 of all supplementary pension funds, which will be only financed by own

    18%

  8. Has external competitiveness been fixed in Greece?
    Photo by MacroPolis

    Agora

    the euro zone is an important indicator of significant progress. Figure 1 above shows some summary... in these calculations from figure 1 above? The lower bold line of figure 1 is the IMF’s REER.... Why 1992? We will explain shortly. Let us first look for the same concept of the REER in figure 1

    18%

  9. The case of SYRIZA's fiscal performance
    Photo by Panayiotis Tzamaros/Fosphotos

    Agora

    as regards the overall fiscal balance on an ongoing basis. Figure 1 below shows in the bold line what this 12-month moving average looks like from December 2013 through August 2021. Figure 1 also... be rolled over, and that no new net debt be incurred.[1] To allow for “normal” shocks and noise around

    18%

  10. China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    exists the “16+1” initiative. The 16+1 framework seeks to improve trade and economic relations between... and Slovenia. The 16+1 club includes current and non-EU members, NATO members and EU candidate countries... of countries are absent. For one, it should be noted that Greece is not a member in the 16+1 arrangement

    17%