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  1. OECD releases new outlook calling for sustained reforms post Covid-19
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    to shrink by between 8 to 9.8 percent in 2020 depending on whether there will be a single or double.... If these measures are implemented, the OECD anticipates that they would increase Greece’s GDP growth by 1 percentage

    7%

  2. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    million each) and SSFs (+7 million). Declines were seen in local governments (-8 million), state...), extrabudgetary funds (+24 million) and SSFs (+1 million). Drops were seen in tax refunds (-91 million

    7%

  3. Greece grapples with second Covid-19 wave as cases soar
    Photo by MacroPolis

    Society

    and nurseries opened on June 1, a point at which the pandemic was still more or less under control. However... the OECD’s predictions, the Greek economy was set to shrink by 8 percent under a single wave scenario

    7%

  4. General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    governments (-14 million), state budget (-8 million) and hospitals (-3 million). Since the start... euros and Bank of Greece funding rose by 1 million to 1.44 billion. Guarantees The stock of gg

    7%

  5. PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    of 7.7 billion euros, a sharp drop of 8.7 billion compared to the surplus of 1 billion in the same period last year. PBO notes that 8 billion can be attributed to emergency fiscal measures to deal

    7%

  6. Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
    Photo by MacroPolis

    EconomyMacroeconomy

    , and just short of 8 pct in the last quarter of the year. Private consumption is seen dropping by 6... in 2021 will be just above 1 pct of GDP at 2.08 billion, recovering impressively from the 9.72 billion

    7%

  7. New bid to curb Covid-19 raises demand for more economic support
    Photo by MacroPolis

    PoliticsGreek Politics

    of next week. According to sources, there will be a package with a fiscal cost of 1 billion euros... economy is expected to reach 11 billion euros this year. Almost 8 billion euros has come through tax

    7%

  8. Covid-19 stretches health system again, putting reopening of shops in doubt
    By Natasha Pandazopoulou/Fosphotos

    PoliticsGreek Politics

    . The Development Ministry appears determined to re-open shops from March 1 or March 8. Kathimerini reported

    7%

  9. Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer

    EconomyMacroeconomy

    if not the coming week, by March 8 the latest, whereas scientists propose a more cautious approach. On Wednesday, Prime Minister Kyriakos Mitsotakis indicated that a March 1 reopening is not likely.

    7%

  10. Greece hopes beaches won't be empty again this summer, but vaccination numbers say otherwise

    Agora

    (a little over 550,000 people) are fully vaccinated, and 11.7% (just over 1 million people) have... from 14% to 8%. The approval and availability of vaccines, along with the publicity given

    7%