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Stress test assumptions cause few concerns for Greek banks
EconomyBanking, residential real estate values will drop marginally by 0.5 percent this year and grow by 1 percent... scenario, GDP is assumed to drop by 1.3 percent in 2018, 2.1 percent in 2019 and grow by 0.2 percent... and commercial properties are severely stressed, with home prices assumed to drop by 17.4 percent from
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeatureswas a roughly 25 percent rise in unemployment in tandem with a 27 percent drop in GDP. The study, titled... due to a cumulative 21.8 percent drop in wages across the six years, but also due to an increase... by more than a third, the drop in the price index did not exceed 2.7 percent. In the wider manufacturing
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Banks gear up for stress tests, with results due in May
EconomyBankinggrowing by a steady rate of 0.9 to 1.1 percent, residential real estate values will drop marginally... percent each year to 2020. In the adverse scenario, GDP is assumed to drop by 1.3 percent in 2018..., with home prices assumed to drop by 17.4 percent from the baseline levels whereas commercial property
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Consumer price index turns positive in February with 0.1 pct rise
EconomyMacroeconomy, education and hotels and restaurants. These were partially offset by prices drop in various food... and recreation. The month-on-month drop of 0.1 percent is attributed to price drops noted in alcohol and tobacco, clothing and footwear by 5.4 percent due to the winter sales, a price drop in heating
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Athens identifies drivers for growth as it draws up strategy for next years
Economypercent in 2021 and 2022. By 2022, private consumption is expected to drop to below 63 percent of domestic... million in 2022. The number of unemployed will drop from 1.03 million in 2017 to 655,500 in 2022, a 56 percent reduction. The unemployment rate will drop consistently in the period covered, from 19.7
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Turnover in services sector shows improvements in Q4 2017
EconomyMacroeconomyrate of growth was noted in telecommunications (+5.3 percent). Five of the 15 services posted a drop... that the largest drop since Q4 2012 came from management and consultancy activities (-43.5 percent... in December showed that the index declined by 0.2 points to 13.4, the third consecutive drop. Across
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Newsletter 161 -11/05/2018
are unemployed have improved substantially since last year recording a drop of 102,296 compared..., by a decrease in prices of food and non-alcoholic beverages by 1 percent, a drop in clothing and footwear... in March Substantial drop driven by exports rising as imports fall Greece’s trade deficit shrank
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Newsletter 166 -15/06/2018
in Q1 Latest quarter’s decline is the lowest contraction on record The drop in the nominal value... from a revised drop of 0.4 percent in Q4 2017, Bank of Greece (BoG) data showed this week. The latest figure marks three continuous quarters during which the drop in apartment prices has remained
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Building permits up by 4.4 pct in May and 5.3 pct in first five months
EconomyMacroeconomyquarter of the year after a drop of 0.2 percent in Q1. The latest figure marks the first increase... drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator
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Are you not entertained?
AgoraGDP in 2017 was close to 64 billion lower than the pre-crisis levels. This drop of 25 percent..., a drop of close to 70 percent. The rebound over the last couple of years simply underlines how... drop. The index of wages in the middle of 2015 was almost 30 percent lower than the first quarter
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