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  1. Staikouras strikes note of caution on fiscal space and tax cuts

    EconomyProgramme

    will be an area of focus for the new administration, with Staikouras confirming that the two systemic... surplus target will be met. Despite the latest estimates by the European Commission and Bank of Greece... clarity and accelerate growth. Bonds and banks The new finance minister estimates that his

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  2. EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021

    EconomyMacroeconomy

    area, the Commission sees a recession of 6.8 pct last year, followed by growth of 3.8 pct in 2021... in the estimates, Greek GDP is seen falling by 10 pct in 2020. This would be the second-biggest... that Greece will reach pre-Covid levels. The downward revision of the growth estimates for 2021 reflect

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  3. IMF aligns Greek projections with EU, revises down GDP
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    recession estimate of 2.3 percent to be met, GDP needs to contract by more than 5 percent in the second... environment, the Fund stressed. The IMF also lowered its long-term GDP estimate for Greece now calling... downward its GDP estimates, aligning them with those the European Commission (EC) released in mid

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  4. Newsletter 346 - 15/07/2022

    Newsletters

    outlook for Greece in the latest summer forecasts, but the latest estimates also reflect the tight grip inflation has on the Greek economy. According to the latest estimate, the Greek economy will grow by 4 pct this year, up from the previous estimate of 3.5 pct in the spring forecasts at the end of May

    4%

  5. ELSTAT revises nominal 2015 GDP contraction to 1.3 pct

    EconomyMacroeconomy

    In its second estimate of the annual national accounts for 2015, the Hellenic Statistical Authority... billion euros, 2.38 billion above its previous estimate, while 2013 nominal GDP was slightly upped... initially estimated, while real GDP contraction remained unchanged at 0.2 percent. The revision

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  6. Our most popular stories in 2014

    Agora

    of homes being rented by owners to others for no fee. Another interesting finding relates to the area..., the government is estimated to have collected more than 2.5 billion euros from Greek taxpayers.... It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent is inhabited

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  7. Finance Ministry outlines plans for making savings, increasing revenues
    Photo by MacroPolis

    EconomyProgramme

    in Parliament earlier this month, Mardas estimated that the streamlining of all public procurements will result in cost savings of up to 25 percent. The second area of intervention involves fuel... to tobacco smuggling are estimated at 800 million euros, while measures targeting their illegal trade could

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  8. BoG report highlights need for programme implementation, political consensus
    Photo by MacroPolis

    Economy

    Greece’s investment to GDP ratio and the euro area average 8) Maximising the value of state real estate... aid of 5.4 billion, led the capital adequacy ratio of Greek banks at an estimated 18.1 percent above... quarter, the NPE ratio is estimated to increase by 2pp, which is almost equal to that recorded

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  9. Newsletter 391 - 01/09/2023

    Newsletters

    and surrounding area in the region of East Macedonia and Thrace had been destroyed. The extent... of the worst summers in Greece’s history in terms of the damage caused by wildfires. It is estimated... programme and has kept topped up since. It is currently estimated at more than 35 billion euros

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  10. PM convenes emergency meeting to work out tariff response strategy
    By Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    Yannis Stournaras said Trump's tariff measures could slow euro area growth by 0.5 to 1 percentage points... of Greece estimated that a 10 pct tariffs on EU goods, rather than the 20 pct imposed by Trump, would... estimated that a blanket US tariff of 25 pct on European imports would lower euro zone growth by 0.3

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