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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomyits jobless estimate for 2016 was kept broadly unchanged at 24.8 percent. Greece will remain...In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates... previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economyrecession in its previous estimate, to 7.5 pct. This is in line with the European Central Bank’s estimates and is based on the latest official data from ELSTAT, which sees Greek GDP dropping by 7.9 pct... Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomypercent in 2017. It also underlines the phenomenal fiscal effort during the crisis when, despite.... For 2019, the Fund sees the budget in complete balance, leaving its estimates unchanged from the previous FM. It is worth highlighting the Fund has substantially revised its fiscal estimates since the FM
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ND hopes economy will pick up as second stage of lockdown easing begins
PoliticsGreek Politics. The monitoring will be much lighter than Greece has been used to during its MoUs and the enhanced... had their contracts suspended, are due to return to work. The government estimates that after... available to support struggling businesses and families. The European Commission estimates
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Greek pensions: The unsolvable equation
Agoralead the government of Alexis Tsipras into an extremely tense situation. During the summer a number... during the crisis. In the budget total spending purely on pensions in 2016 is seen at 23.8 billion... took a major hit not only as a result of people dropping out the labour force en masse but also due
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Greece digests EU-US trade deal amid mixed reaction
Economyturbulence during the first half of the year so the impact estimated by the BoG could... at 250 billion euros per year during the Trump term in office. The 50 pct tariffs on steel... estimated for the EU for this year and next, in the region of 1 pct, the new trade deal could trim up
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomylist submitted in late March, MoF sources told Kathimerini that the current estimate has now been reduced to 0.5 percent. The Commission estimated in its spring economic forecasts published earlier... that the government is currently considering to cover the estimated fiscal gap involve: 1) A unified VAT rate between
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The key points from Greece's proposal to lenders
EconomyProgramme). For 2017-19 the privatization proceeds are estimate at 2.12 billion, yet the bulk (1.59 billion... at 1.06 billion in 2015 5) Tax on television advertisements with estimated revenues at 100 million... for the collection of revenues related to automobile ‘KTEO’ fines and uninsured vehicles (estimated revenues at 120
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economywere imposed by the coalition government during the crisis years.... impact of the recession and austerity measures. Its cost is estimated at 1.86 billion euros. The key interventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2
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A closer look at Greece's revised proposals to lenders
EconomyProgrammepresented to the institutions during the weekend. Greece aligned its primary surplus targets for 2015-16... and 1.3 percent of GDP respectively. These measures mainly aim to cover the higher fiscal gap estimated... percent, with estimated revenues of 450 million in 2016. 2) Taxation of 30 percent on gross gaming
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