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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammenecessary to implement the measures while also meeting the primary surplus target for this year and 2020... percent of GDP primary surplus target for this year or next. He indicated that New Democracy plans... will have confirmed whether this year’s primary surplus reached 3.5 percent or more. However
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Newsletter 262 -04/09/2020
a primary deficit that is expected to reach 6 pct of GDP this year. The budget will be based on the adverse scenario for this year of 8-9 pct recession, with recovery of 4 pct next year, although... for 2021 the 7 billion euros of stimulus measures adopted so far this year. Also, to avoid putting
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Current account deficit increases to 767.4 mln in Oct as service surplus shrinks
EconomyMacroeconomy. In October last year, the balance had a milder deficit of 677.7 million euros, suggesting that some.... The deficit for the balance of goods came to 1.44 billion euros, significantly improved from last year’s... to a surplus of 851.5 million, from 1.64 billion in the same period last year. The travel balance
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FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomyreported ahead of the formal submission, the economy is seen growing this year by 6.1 pct, even higher than...) at the end of June. Next year’s growth is also revised downwards compared to MTFS, now seen at 4.5 pct, from 6.2 pct before as parts of recovery were realized this year. Growth in 2022 will be driven
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Unemployment rate broadly stable at 13.3 pct in Oct
EconomyMacroeconomy. In the same month last year, the unemployment rate was 16.4 percent. Greece has not seen... time, the series low is 7.2 percent unemployment rate in May 2008. Year-on-year, the number... a sharp drop of 20 percent year-on-year. The inactive population decreased by 25,547 people year-on-year
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Newsletter 325 - 28/01/2022
in a similar situation not only with this summer’s wildfires, but also early last year during... enduring a tough year that has been largely dominated by the pandemic and, towards the end of 2021... showed that the primary balance landed at 10.33 billion euros last year, improved from the estimate
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Newsletter 341 - 10/06/2022
that he wants to see out his four-year term, which is due to end next summer. Tsipras, like his New... grew by 7 pct year-on-year and 2.3 pct on the previous quarter. The year-on-year growth was to be expected as there was a contraction in the first quarter of last year - the last in a series of four
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Newsletter 355 - 14/10/2022
relationship with voters ahead of next year’s elections. The parliamentary inquiry into the wiretapping... with voters ahead of next year’s elections, as emphasised by his trip to northern Greece this week... Democracy’s favour, or against the ruling party, in next year’s elections for a number of reasons
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Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
EconomyMacroeconomyup next year and a sizable primary surplus in line with the country’s fiscal commitments that support debt sustainability. The Greek economy is estimated to grow by 2.9 pct next year, from 2.4 pct... to 5.6 pct growth next year, from 2.7 pct in 2023, while imports will also double in growth to 4.6 pct
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Newsletter 404 - 01/12/2023
year that will outpace by some distance the eurozone average, but it is also apparent.... It left broadly unchanged its 2024 outlook for Greece, seen growing by 2 pct next year, from 1.9... this year. The eurozone’s HICP is seen almost halving to 2.9 pct next year, from 5.5 pct this year
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