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Unemployment drops to 13 pct in Q3, lowest since 2010, as employed exceed 4 mln
EconomyMacroeconomyGreece’s non-seasonally adjusted unemployment rate continued its decline to 13 percent in the third quarter (Q3) from 15.8 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate dropped by 3.2 percentage points (pps) from the Q3 2020 figure of 16.2
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Podcast - The Greek economy: A macro view
Agoraprospects at home for young Greeks. Bob was the IMF’s senior representative in Greece at the outset... for ELIAMEP: https://www.eliamep.gr/en/members/jens-bastian/ Our podcast is hosted on Acast. You can
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Nov budget data confirms tax revenue outperformance at 784 mln
EconomyMacroeconomylast year’s 39.14 billion. The ministry notes that this overperformance is due to the increased
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Credit growth edges up to 1.1 pct in Nov
EconomyMacroeconomyeuros in October. The corporate lending balance’s net monthly flow was positive in November by 538
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Retail sales rise by 13.1 pct in Oct, led by fuels and non-food sectors
EconomyMacroeconomyGreece’s retail sales accelerated in October, rising by 13.1 percent, from a downward revised increase of 12.5 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. Retail sales have been growing continuously since April, after nearly one year of drop in sales due
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingPiraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros. The bank noted that the agreement will be 53 pct of the portfolio’s gross book value. The transaction will drop
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Economic sentiment drops by 3.1 pts in Dec, little change in consumer confidence over year
EconomyMacroeconomyGreece’s economic sentiment (ESI) took a pause in December, dropping by 3.1 points to 110.3, from 113.4 in November, according to European Commission figures released on Friday. Economic sentiment stood at 91.8 points in December 2020 and has significantly recovered most of the deterioration during
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Trade deficit nearly doubles to 2.77 bln in Nov; largest since March 2012
EconomyMacroeconomyGreece’s trade deficit nearly doubled in November, jumping by 93.1 percent year-on-year (YoY), from a rise of 52.8 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The deficit came to 2.77 billion euros for the month. Imports totalled 6.67
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CPI rise of 5.1 pct in Dec highest since 2011 as electricity, gas and heating oil drive price hikes
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) accelerated in December, rising by 5.1 percent year-on-year (YoY), following an equally strong movement of 4.8 percent in November, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Thursday. The average CPI for the rolling
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Central gov primary cash deficit plummets to 9.86 bln in 2021
EconomyMacroeconomyGreece’s central government recorded a primary cash deficit of 9.86 billion euros at the end of 2021, from a deficit of 17.82 billion euros last year, according to figures released by the Bank of Greece on Wednesday. The overall cash deficit was 15.88 billion euros, from 24.14 billion euros in 2020
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