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Newsletter 363 - 16/12/2022
dropped by 0.8 points, while SYRIZA’s backing has risen by 1 percentage point. However, New... to ensure a timely return of inflation to the 2 pct medium-term target.” The ECB said that demand needs... and to fight the energy crisis has allocated the largest packages in the EU, for a total that exceeds 55
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Newsletter 392 - 08/09/2023
data, as turnover in June dropped by 1 pct and the associated sales volumes fell sharply, with food.... Annually, GDP grew by 2.7 pct vs. Q2 2022, accelerating from the 2 pct YoY in Q1. The quarterly... decreased by 1.2 pct and imports increased by 1 pct. The export drop was led by a decrease in goods by 9.8
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Newsletter 405 - 08/12/2023
of the total gap. Another laggard in job creation is wholesale and retail, which have nearly 142,000 fewer.... Investments decreased by 1.8 pct. Exports decreased by 0.7 pct and imports increased by 2 pct. Compared to Q3 2022, final consumption increased by 1 pct YoY, while investments also increased by 4.9
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Newsletter 433 - 13/09/2024
of elections on 30 November and 1 December. Nikos Pappas, the party’s parliamentary spokesman, will act... presented a total of 45 measures of varying significance during Saturday’s speech, none of which caused... confirmed that social security contributions will drop by 1 percentage point next year, rather than
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Industrial turnover returns to contraction in Nov with sharp 5 pct YoY drop
EconomyMacroeconomyAuthority (ELSTAT) on Monday. On a rolling 12-month basis, the industrial turnover was up by just 1... market was down by 9.4 percent. On a monthly basis, industrial turnover in the total market decreased by 7.5 percent, led by decreases of 7.7 percent in manufacturing, and mining and quarrying up by 1
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Alpha Bank net profits at 704 mln in 9M, commission income jumps 14 pct YoY
EconomyBankingmillion in 2024, a rise of 2 percent. Pre-provision income (PPI) in 9M was 1 billion euros, almost... points. Capital The fully loaded Common Equity Tier 1 (CET1) ratio in 9M stood at 15.7 percent, from 15.5 percent a year ago. The bank’s Total Capital Ratio is 21 percent. The bank plans to distribute
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... that the VAT reform targets a revenue increase by 1 percent of GDP or 1.8 billion on an annual basis... to be effective as of July 1, compared to October 1 for the Greek government proposal. Other fiscal
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Tailor-made Maastricht criteria for Greece?
Agorainteresting detail is that the 5 percent nominal growth rate can be thought of as 2 percent... 1995-2021, compiled by Eurostat, for the EU27 as a whole and for Greece (Table 1). Growth and inflation... for a maximum debt ratio of 60 percent, then the tolerable maximum deficit would have been 2 percent
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Where is Odysseus? Part 6 - Potential real GDP
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... by the Greek government.[2] Our more-modest real GDP outlook for the long run is quite below that of the EU.... These calculations are reflected in Figure 1 below. The vertical line marks the current year 2022
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Alpha Bank acquires Citigroup's retail banking unit in Greece
EconomyBankingat 2 million euros, is capital neutral for Alpha and is expected to contribute positively to Alpha pre... management unit with assets under management of 2.1 billion, of which deposits amounted to 1 billion b... that 60-61 million, of the total outstanding 1.2 billion, warrants have been exercised. If confirmed
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