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Newsletter 108 - 24/02/2017
than tripled, peaking at 27.5 percent in 2013, while it decreased by more than 2.5 percentage points..., respectively, coupled with a slightly higher goods deficit by 35 million, which more than offset... to 46.5 percent of new hirings from 41.8 percent in December. In addition, more than 41 and 17 percent
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Newsletter 110 - 10/03/2017
from just 31 million last year, which more than offset the deterioration in the fiscal outcome... continue to hold the lion’s share, making up 80 percent of car sales, while more than 57 percent... of car sales, while more than 57 percent are registered in the Attica prefecture. Following the strong
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesbillion euros. It will increase to almost 4.2 billion between mid-July and April 2018 and to more than 5... is delayed significantly, the impact on bond yields would be lower than initially estimated and would... since last May, having sold more than 10 billion euros of EFSF bonds and recording trading gains
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From MoU exit to Grexit: Where next for Greece?
Agoraof primary surplus targets that would be lower than the 3.5 percent of GDP originally envisioned and for less than the 10 years agreed in the fraught summer of 2015. Armed with these gains... people, but also a much more positive legacy for Tsipras and SYRIZA to take with them than the last
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Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1... above where it was by 2015. The tax wedge stood at 40.2 percent in Greece in 2016, more than 4 pp higher than the OECD average figure, which edged down 0.1 pp to 36 percent. The deviation of the Greek
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Study finds contrasting trends in Greek health during crisis
SocietyThe impact of the economic crisis in Greece on health has been more nuanced than previous reports... medical assistance or take tests has more than doubled from 10 percent in 2010 to almost 22 percent.... For example, in 2014 there were 174 more suicides in Greece than in 2009. However, as the study underlines
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyreflects the weaker-than-expected GDP outcome in the fourth quarter (Q4) of 2016, as well as the negative... stands at 1 percent for 2022, lower than its previous forecast of 1.8 percent for 2021. The report also... points (pp) within 2018 is much lower than that (-1.9 pp) estimated for this year. Consumer prices
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Newsletter 120 - 26/05/2017
as the biggest problem. The Greek figure is three times higher than the euro area average of 9... than the target. In addition, gross revenues (revenues before tax refunds) beat the target by 534... billion, 155 million lower than the target. This is fully attributed to indirect taxes, which were
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Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
EconomyMacroeconomyquarter-on-quarter (QoQ) to 103.9 billion, 1.3 billion lower than the target of 105.2 billion. However... in Q1, 1.8 billion lower than the target. In contrast, residential NPEs came in at 27.7 billion, 400 million above the target, while consumer NPEs amounted to 14.3 billion, 100 million higher than
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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomyunderspend with primary expenditure coming in 791 million lower than target. The monthly primary... million higher than target. The aggregate figure for the 5-month period showed primary expenditure... said that the lower-than-expected expenditure mostly reflects weaker earmarked revenues (by 291 million
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