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  1. OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    that GDP will fall by up to 8 percent in 2020 under a single-hit scenario, with a recovery of 4.5 percent in 2021. If there is a second virus outbreak later in the year, Greece’s GDP is forecast to fall... as high as 20.4 percent under a double-hit scenario. Private consumption is expected to fall by 8

    5%

  2. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    -on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 1.05 billion.... Overall, the state budget primary balance showed a fall of 5.53 billion euros, landing at a deficit.... The next largest fall was in sales of non-financial assets with a decline of 1.24 billion, taking

    5%

  3. Current account shows deficit of 913.9 mln in May as travel receipts evaporate
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    , falling by 39.7 percent YoY. At the same time, total exports reached 1.98 billion euros, a fall of 33.5 percent YoY. BoG noted that the fall in imports and exports largely stemmed from a decline... of the balance of goods decreased thanks to a fall in imports at a faster pace than the decline

    5%

  4. PMI drops to 46.8 points in July amid Covid-19 uncertainty
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    pandemic which impacted domestic and foreign client demand. Output continued to fall at Greek manufacturing... The fall in output reportedly stemmed from a solid decrease in new business. Some firms connected... was marginal. Output charges continued to fall as firms used discounts to attract new clients

    5%

  5. General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    -on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 636 million... against 1.24 billion euros last year. Overall, the state budget primary balance showed a fall of 9.33... 25.63 billion a year ago. The next largest fall was in sales of non-financial assets with a decline

    5%

  6. General govt primary cash deficit at 5.49 bln in Aug, arrears up by 172 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    -on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 644 million... primary balance showed a fall of 8.27 billion euros, landing at a deficit of 5.49 billion euros... by 4.10 billion to 25.72 billion euros from 29.81 billion a year ago. The next largest fall

    5%

  7. GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    expenditure edged up by 0.9 percent. On a YoY basis, the breakdown showed that the fall in GDP versus... percent YoY. The Ministry of Finance’s revised 2020 budget expects private consumption to fall by 7.6... is seen rising by 3 percent while government consumption is expected to fall by 1.9 percent. Final

    5%

  8. General govt primary cash deficit of 9.07 bln in October, arrears drop by 250 mln

    EconomyMacroeconomy

    -on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 880 million.... Overall, the state budget primary balance showed a fall of 14.71 billion euros, landing at a deficit... largest fall was in sales of non-financial assets with a decline of 1.33 billion, taking the total

    5%

  9. Concerns for SYRIZA mount as brief election campaign gets underway

    PoliticsGreek Politics

    partner, Independent Greeks (ANEL) narrowly failing to enter Parliament. Some crumbs of comfort

    5%

  10. Coalition in rush to wrap up pending bailout issues
    Photo by Peter Panter via Flickr https://flic.kr/p/4CtprB

    EconomyProgramme

    that the junior coalition party (Independent Greeks – ANEL) did not vote in the relevant Committee

    5%