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OECD sees growth picking up, warns about society and financial sector
EconomyMacroeconomyThe Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year. In its economic outlook, the Paris...
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomyThe Greek Finance Ministry is due to table to Parliament on Friday the multi-bill that will wrap up its obligations for the conclusion of the final programme review, along with the updated Medium-Term Fiscal Strategy (MTFS) for the period between 2019 a...
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Mitsotakis warns party to be ready for elections as political contest intensifies
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis is attempting to ensure that his party will be prepared for the next elections amid concerns that Prime Minister Alexis Tsipras may call a snap vote with the aim of catching the conservatives off guard. Speaking ...
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Council of Europe report warns over austerity-inflamed inequality in education
SocietyA report on Greece by the Commissioner for Human Rights of the Council of Europe has outlined how austerity damaged the country’s education system and exacerbated inequality in accessing education. The report was compiled from a visit to Greece by the C...
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EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
EconomyMacroeconomyThe European Commission (EC) issued on Tuesday its regular spring forecasts for 2019, which showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2 percent in the autumn forecast, and in line with the ...
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OECD lowers growth forecast, warns Athens to maintain fiscal credibility
EconomyMacroeconomyThe OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years. This year’s growth is seen at 2.1 percent, slightly lower than the 2.2 percent...
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeGreece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this is...
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammeThe International Monetary Fund (IMF) concluded its consultations with the Greek authorities in the context of its Article IV mission with a statement issued on Friday afternoon in which its staff outline the challenges that the new administration will ...
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BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
EconomyFeaturesThe Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus on the property market in Greece while outlining the positive year enjoyed by the sector in 2019. In the 2019 governor's annual report, BoG analysts said that 2019 was...
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IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
EconomyProgrammeThe International Monetary Fund (IMF) concluded on Friday its second post-programme monitoring mission, which took place remotely, by publishing the staff concluding statement. This will be followed by a report that will be presented to the IMF board fo...
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