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Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
EconomyMacroeconomyauthorities, the two increases in the minimum wage this year, and savings that built up during the pandemic... during the pandemic, the reduction in the social insurance contributions and abolishing... remain significant, most notably due to the state guarantees that were extended during the pandemic
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Newsletter 97 - 25/11/2016
the underlying dislocation that built up during this period has sparked much introspection. While we... during that period). The declining support for the euro is also underscored by the findings of the most... (440 million). On the expenditure front, the budget estimates net savings by social security
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyand subsequent corrective fiscal measures and targets. During an interview on Monday Finance... Theodoros Skylakakis, who is responsible for fiscal matters, said in an interview during the weekend he...The IMF released on Tuesday its latest economic estimates in the context of the World Economic
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Govt finds devil is in detail for windfall tax on power companies
PoliticsGreek Politicsa little short of 1 billion euros of additional profits during the period of high prices compared... in a technically sound and legally solid manner, so that those who made excess profits during this period... been deducted. The RAE report estimates that 5-20 pct of each supplier’s contracts could fall
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Greece - Some structural macroeconomic arithmetic
Agoraa year in the EU27 and the euro zone. It was negative for a while in Greece during the recession..., not even during the depth of the recent recession—a sign that the economy is not fundamentally competitive.... This explains why different institutions have different estimates of potential output and potential output
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Newsletter 61 - 05/02/2016
and, by extension, the costs involved would have been impossible to achieve during the past year. Equally... a quarter of its GDP during the past six years and which is trying to return to positive growth numbers..., the commission aligned its GDP growth estimates with the government forecasts, which call for zero
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomy. The estimated annual revenues amount to 437 million euros, while this year’s estimate stands at 255 million... fuel is increased as of the beginning of 2017. This has estimated annual revenues of around 700... as of January 1, with estimated annual revenues of 33 million. In addition, the deductibility of company cars
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
EconomyProgram (EAP) target of 3 percent. The upward revised estimate for 2015 primary surplus compared... with To Vima, Staikouras said that under current estimates 2014 primary surplus is estimated at 2... or lower estimates in the final budget due to be voted in December.
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Newsletter 487 - 05/12/2025
in the coming years. With the RRF in place until August 2026, next year’s growth estimate is 2.4%. However... markets and rating agencies - the macroeconomic estimates in the framework are cause for concern. When...% this year, but then stagnate around 8% over the following three years. This latest set of estimates
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RRF promise fades as growth outlook weakens
EconomyMacroeconomyin place until August 2026, next year’s growth estimate is 2.4%. However, this nearly halves to 1.3... - the macroeconomic estimates in the framework are cause for concern. When the RRF was first agreed... around 8% over the following three years. This latest set of estimates undermines the government’s
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