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Parliament's budget office sees Greek recovery finely poised
EconomyMacroeconomy, including bank stress tests, unpaid taxes, lack of structural reforms and stagnant exports could yet weigh on the recovery. The PBO estimates that the economic recovery this year may be stronger than... that the unemployment rate has started showing a downward, yet weak, trend. Nevertheless
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Greece said to eye exit plan with precautionary support but no new MoU
EconomyProgramme, since this money has already been granted to Greece, it would likely be easier for the euro area... euros but the government reportedly estimates that more than 10 billion will still be available after... are projected to be covered either via new bond issues or repo transactions. These government’s estimates
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomygrowth in the euro area. On top, OECD highlights that the refugee crisis could result in added pressure... a revision of the seniority premium. The OECD estimates that product and labour markets reforms... level. The organisation estimates that reforms implemented in 2010-2014 would have an impact of 5.6
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economybefore. The EC growth estimate for 2015 is lower than the latest Finance Ministry forecast of 1.4... formation estimate, which is now seen falling by 3.1 percent in 2015 versus growth of 8.4 percent... percent before, while retaining its 2016 estimate almost stable at 3.6 percent. On unemployment, the EC
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomy, the growth estimate for 2019 was 2.4 percent. Next year’s estimate is unchanged. Despite the downward revision of this year’s growth estimate, which probably stems from the modest growth in the first... Greece’s growth prospects in 2019 compared to the previous estimates that were released in April. The IMF
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Crisis management policy: the sad lesson of the Greek case
Agoraof non-performance loans. This has yet to be put in place in Greece. If confidence in an economic... be estimated by model simulations. As such, there is great uncertainty associated with the estimates... estimates that this will require a tightening of five percent of GDP. However, IMF prefers to obtain
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeMinistry (MoF) downward revised its previous GDP growth estimate for 2017 from 2.7 percent to 1.8... growth of 2.4 percent, which is seen as an optimistic estimate. The HFC also noted that the medium-term... landing at 18.1 percent in 2021. Fiscal estimates The primary surplus is estimated to exceed fiscal
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economyof historic proportions this year.” Euro area GDP is seen falling by 7.75 pct in 2020 and grow by 6.25 pct... spending, thanks to various support initiatives that the Commission estimates at 6.9 pct of GDP... months and the exposure to travel restrictions makes its estimates subject to downside risks as even
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy. Specifically, the MoF adopts the EC estimate pointing to a 2.7 percent growth in 2017 fuelled by a 1.8... percent above last year’s estimate. It is projected to increase by 3.5 percent to 182.33 billion... draft budget, which contains its fiscal estimates and the interventions needed to achieve them, as well
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Unemployment unchanged at 25 pct in July
EconomyMacroeconomyrise in June, the number of inactive people slipped by 2,000 to 3.3 million in July, yet... respectively, yet they are based on a different methodology to that of ELSTAT.... is consistently posted in the Aegean, at 18.4 percent in July. The latest estimates by the institutions
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