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Newsletter 329 - 25/02/2022
estimates, Greek nominal GDP will exceed 187 billion euros in 2022. Assuming this materialises and the institutions’ nominal growth estimate of 4 pct growth in 2023 proves accurate, the 2023 GDP is seen... and there is a clearer picture regarding the available fiscal space. It is estimated
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyofficial revision of the growth estimate for this year. GDP is now seen rising by 5.3 pct, from 3.1 pct... roughly 20 pct below the 2010 levels. The Finance Ministry admitted that in the latest estimates the cost... euros for 2022. The actual fiscal cost of those interventions on the energy market are estimated
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Newsletter 392 - 08/09/2023
. According to an estimate from the National Observatory of Athens, 72,000 hectares of land has been... tourism that will boost the traditionally strong Q3, it is believed that the estimates of 2.3 pct... policies, which pushed up interest rates by more than 400 basis points, it is estimated that one more
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Mitsotakis makes new bid to break deadlock with farmers as govt ponders relief measures
PoliticsGreek Politicsas the government grapples with farmer protests and broader cost‑of‑living pressures. In the vote estimate..., the Finance Ministry is taking a conservative stance and estimates that there is fiscal space of 800 million euros for next year, with the emphasis on the self-employed and tax on rents. It is estimated
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Newsletter 76 - 03/06/2016
have gravitated towards the leftist grouping during the crisis. Now, SYRIZA appears to believe... battle between the left and right, a continuation of the 1940s civil war by other means, during... provisional estimates, which showed GDP contracted 0.5 percent quarter on quarter (QoQ) and 1.4 percent year
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingto be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During... (Marinopoulos) that is still in progress. During the conference call, the management said that its... to 143.7 percent in Q2 from 148 percent in Q1, still remaining at the high end of the market. During
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking, improving from a negative figure in both sectors during previous quarters. However, NPL stock declined to 24.1 billion during the quarter on the back of write-offs. Overall, the NPL ratio deteriorated... to Q1 by around 600 million, while missing the respective NPL target by around 700 million. During
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Population projections show demographic problem set to worsen in coming decades
Societyreluctant to have children. During the eight years of crisis, the country’s population declined... falling by 600,000 during the same time period. According to data from the Hellenic Statistical... it was in 2018, and will fall below 10 million. If net migration is negative, as has been the pattern during
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Tracing the decline of the middle class as parties vie for its votes
EconomyFeaturesby the “middle income” group made up 12-14 percent of the tax payable during the same period. In both cases... a higher risk (4 percent) of falling into poverty from one year to the next during the crisis than... to define the “disappointed” middle classes during a TV interview following the party’s recent EU
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Mitsotakis pledges more benefits in bid to tap SYRIZA strongholds
PoliticsGreek Politicsin the summer. During a speech focussed on the economy, the PM announced that any homeowners who.... The issue of low salaries has become a hot topic during this election campaign, with the government... wages have fallen during the cost-of-living crisis. The opposition parties have highlighted low wages
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