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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyexpenditure rose by 0.1 percent. ELSTAT also released a first estimate of the overall GDP figure for 2019... just short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019. This is subject to revision in the second GDP estimate which ELSTAT will release later in the year
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyand services were up by 2.2 percent. Compared to Q2 2023, all components recovered. Final consumption... in the Stability Programme sent to Brussels in May, the estimate for 2024 was revised down to 2.5 percent, from the 2.9 percent that was the initial budget estimate. In the latest monetary policy report
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomy. The draft budget slightly revises the growth estimate for this year to 2.2 pct, from 2.3 pct previously. The items revised down for 2025 compared to the previous estimate are investments that are now seen to grow by 5.7 pct this year and exports growth is seen at 2.2 pct. Investments were
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyand the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya
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In Washington, Mitsotakis stresses economic recovery, geopolitical importance as IMF departure announced
PoliticsGreek Politicsa maritime agreement with Libya that infringes on Greece’s sovereign rights. Some commentators... with Libya is “null and void” because it ignores the exclusive economic zones of Greece’s islands, which he... to 2.2 pct, but that even if it is lowered to 2.5 pct this would create 2 billion euros of extra fiscal
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Newsletter 234 -10/01/2020
with Ankara, which escalated following Turkey’s decision to sign a maritime agreement with Libya... actions in Libya, as well as the two memoranda signed between Ankara and Tripoli. However, Turkey’s... reported that Athens would ideally like the target to be reduced to 2.2 pct, but that even
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... the deflation years behind, with the inflation estimate at 1.2 percent this year and 1.3 percent in 2018... forecast for 2017 which has been revised downward from the 2.1 percent July estimate. On the fiscal
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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... to 2.4 percent from 2.2 percent before. The Commission notes that the drop in oil prices
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Accommodation and food services index rises by 13.4 pct in Q2
EconomyMacroeconomyto Hellenic Statistical Authority (ELSTAT). This was the ninth straight positive reading since Q2 2013. Over... figure of 24 million and 1 million above SETE initial estimate of 25 million. In addition, Andreadis... and the imposition of capital controls as of June 29. The last official estimates
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EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022
EconomyMacroeconomyThe European Commission updated its economic estimates for Greece in the context of the 2021 Spring Forecasts, where the estimates are slightly improved from the previous forecasts in February... estimates assume the relief measures that have so far cushioned the blow on the economy will not be cut
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