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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyto September this year, it would shave off 3 percentage points of the growth to 4.5 pct, with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal... insurance contributions by 3 percentage points will have a fiscal impact of 816 million. Abolishing
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The allocation of labor resources in Greece and the EU-27
Agoradriving this process is the political system. This leads us to Figure 3 (above). Figure 3 shows which.... But this belief is not backed-up by the reality on the ground. Figure 3 shows that ND increased employment
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Productivity developments in the Greek public and private sector
Agora. But the trend line highlights that the downward trajectory started years before Covid-19 struck. Figure 3... and productivity growth.[3] These reforms are as important in the product markets as they are in the labor markets... technical challenges in measuring government productivity. [3] The Pissarides Report (led by Nobel
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The case of SYRIZA's fiscal performance
Agora—cautious management to keep the primary balance strong (3 percent of GDP surplus on average) and renewed... distribution towards higher-income earners.[3] One new element in the mix is that Greece has submitted... remarkably under the SYRIZA government. [3] See for instance, the paper, published by LSE’s
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Polls boost for KINAL after leadership vote, as Androulakis rolls out key appointments
PoliticsGreek Politicsdropping almost 3 percentage points from 36.7 pct to 33.8 pct, while SYRIZA remains stable at 23.5 pct... has dropped 3 percentage points since the start of the year. Androulakis gets the approval of 42 pct... a more significant shift in voter preferences. However, the 3 percentage-point drop will be a wake-up
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Public sector capital stock in Greece and the Euro-19
Agorabetween 40-60 percent of real GDP.[3] Some countries have higher calculated capital stocks, which... in Europe: a model-based assessment. ECB Working Paper 2021, February 2017. [3] The ECB Working Paper referenced in footnote 3 has a somewhat wider range from 30-60 percent of GDP. [4] See “Making Public
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Where is Odysseus? Part 5 - Productivity
Agoracalculate the path for real GDP per person employed. That is average labor productivity. Figure 3 presents... productivity (in most countries), whereas the private sector tends to have higher productivity.[3] Thus... downward to 3.2 percent from 3.8 percent. [3] Real gross value added per employed person (ref. prices
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Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
EconomyBankingof 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021. In H1... codenamed Sunrise 3 and Solar, of 500 and 300 million euros respectively are on track to be completed... million last year. Impairment charges came to 269 million euros, compared with 3 billion euros in H1 2021
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Where is Odysseus? Part 6 - Potential real GDP
Agoragrowth of 0.6 percent a year in the 2022 calculations[3], compares with a potential real GDP growth..., as explained below. [3] Potential growth rates of 0.6 percent a year does not mean that Greece could not have a growth rate of 3 or 4, or even 5 percent, but these high growth rates are not average
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Banks discover stress test assumptions, results due in July
EconomyBanking, the Greek economy is seen growing by 1.5 pct this year, doubling to 3 pct in 2024 and 2.8 pct in 2025... to 3.4 pct in 2024 and 3 pct in 2025. Commercial property prices growth will be broadly stable in 2023-2025, rising each year close to 3 pct. Greece’s long-term rates in the stress test period
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