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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyhad a significant impact on budget developments as the ministry had to finance support measures running into May. The headline budget figure for 2021 has been revised down by 6 percentage points... Transformation 2.2 billion, Employment Skills 5.18 billion and Private Investment at 4.84 billion. The actual
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomy. Although the final budget for 2022 was debated in Parliament in December, the Finance Ministry had... in the capital, as the Greek media reports constantly. The 2022 budget assumes that a large part... expected to bring in roughly 2.2 billion euros more revenues, with 1.6 billion euros seen coming
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Imminent end for enhanced surveillance offers boost to beleaguered govt
PoliticsGreek Politicsto another deficit budget, but under the condition that in the Medium-Term Fiscal Strategy (MTFS) Greece... are content to wave through roughly 2.2 billion euros in what could be considered voter-friendly measures..., or 2-2.5 pct of GDP. Public debt is seen in the region of 150 pct by 2026. Away from the budget
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomygrowth estimate in the final budget for 2022. Harmonized inflation is also significantly revised... and then close to the agreed levels with the lenders of a surplus in the region of 2.2 pct, rising... balance in favourable terms as higher inflation pushes up nominal GDP and budget revenues. Lower
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Quarterly GDP growth slows to 1.2 pct in Q2 as investments shrink and imports rise
EconomyMacroeconomymovements in Q2 were led by growth in final consumption, where private consumption rose by 2.2 percent... figure included in the final 2022 budget. The latest inflation estimate has also been pushed up to 5.6 pct for HICP. Both forecasts are likely to be upwards revised in the upcoming draft budget
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Newsletter 353 - 30/09/2022
services and storage for customers. Mitsotakis said that the investment would be worth around 2.2 billion... representation system.EconomyHousehold budgets continue to feel strain as spending kept lowThe latest budget..., transport is 16 pct up annually. The 2021 budget survey also captures a rise in inequality
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economypct. In the draft budget that was submitted a week ago, the Greek authorities see the economy... outlook, Fitch sees a primary deficit of 0.9 pct in 2023, from 2.2 pct this year, which is far off the Greek draft budget forecast for a primary surplus of 0.7 pct of GDP and the commitment to lenders
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyis slightly above the 0.7 pct recorded in the draft budget for 2023 of last month. For next year, the Commission forecasts a primary surplus of 2.2 pct, leading to a total deficit of just 0.8 pct of GDP... conditions and a persistent inflation wave in its forecasts. In the draft budget, the Finance Ministry
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Newsletter 397 - 13/10/2023
, Moody’s indicated that it expects robust growth dynamics with an average growth of 2.2 pct over... outlook for next year as presented in the draft budget last week. The ministry assumes that growth... growth forecasted in the 2023 budget. Private consumption is expected to slow to 1.6 pct rise next
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Q1 GDP growth accelerates to 0.7 pct QoQ
EconomyMacroeconomythat was the initial budget estimate. In the latest annual report of the governor that was presented... forecasts, the Parliamentary Budget Office expects the economy to grow by 2.5 percent this year... growing by 2.2 percent in 2024. In its latest WEO released in April, the IMF sees growth of 2
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