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About last night
Agorabuffer came in line with expectations. The Eurogroup statement estimates the cash buffer... the precautionary credit line. The IMF’s estimates for Greek growth are much more conservative than... by the European Commission, Brussels had estimated an amount of just over 10 billion euros could be used
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Government looks to review visit for nod on tax package
EconomyProgrammeestimates and the primary surpluses of 2019 and 2020 will pave the way for a major tax bill to be tabled..., but the institutions approached them with some scepticism. The Greek side estimates that the new... profits is estimated at 1.2 billion euros; this is precisely the cost of the additional tax relief
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomythe European Commission and the IMF estimates (2.2 percent). The PBO argues that although..., the effectiveness of the motives for higher electronic transactions and the ambitious growth estimates... highlights that in nominal terms the positive impact estimated in the budget is just short
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Athens waits for credit rating upgrade as 10-year yield drops to new low
Economy, however the growth estimates for this year have been trimmed down in the draft budget to 2 percent and although New Democracy expects acceleration to 2.8 percent for 2020, the latest estimates from... to be revisited, such as the replacement rates of supplementary pensions, with the fiscal cost estimated at 300
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Newsletter 241 - 28/02/2020
for such estimates. Nevertheless, key sectors of the Greek economy are expected to suffer the effects of reduced... Theocharis estimates based on industry sources that the cancellation rate of Chinese bookings in Greece... activity. So far, it is estimated that 46 percent of departures from Asia to Europe have been cancelled
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BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
Economyrecent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... estimates. The OECD sees global growth slowing by 0.5 percentage points to 2.4 pct. For Europe, the OECD.... In a more adverse scenario global growth is seen at 1.5 pct. ECB economists this month estimated
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Greece braces for recession, hopes to bounce back from summer onwards
Economyfor the tourism industry is rising by the day and although there were initial estimates in mid-March... the scope of companies that will be eligible for support next month, Staikouras estimates that 90 pct... for the 800 euros benefit. He estimated the fiscal cost in March and April at 4.7 billion euros
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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Economylevel, household spending, business investment and international trade. The OECD estimates the impact... unchanged. The OECD estimates the overall hit in consumer spending to be around a third in many major... in line, estimated at just above 25 percent of GDP. The least impact is expected in Ireland at nearly
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyThe IMF released on Tuesday its latest economic estimates in the context of the World Economic... previous estimates of a more modest recession in the area of 4 pct. Alternate Finance Minister... is on course for an estimated drop of 7.5 pct, according to the IMF, which expects a recovery of 4.7 in 2021
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Newsletter 249 -08/05/2020
. Government spending, thanks to various support initiatives that the Commission estimates at 6.9... to -2.1 percent of GDP in 2021. Gross debt estimates by the Commission reach 196.4 percent of GDP... of the damage to the country’s key tourism sector. the estimated 700,000 workers employed in the sector. Among
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