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Newsletter 122 - 09/06/2017
of 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent. Lowering its... to return, large uncertainties remain. OECD estimates that GDP will rebound 1.1 percent in 2017
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Draft budget highlights taxpayer fatigue, creates policy mix doubts
EconomyMacroeconomybillion in 2017 from an MTFS estimate of 21.52 billion euros. The ministry notes that on a cash... measures with little effect. Direct taxes estimates for 2018 have also been downward revised from
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingsees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... in 2019 and remain above 2 percent before dropping to 1.8 percent in 2022. All estimates are marginally
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyannounced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined... by its initial estimates of an annual recession towards the adverse scenario of 8.5 to 9.4 pct
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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgramme, it is not before 2050 that the debt stock will converge to the previous estimate of around 85 pct of GDP... in the previous estimates. In terms of the debt-to-GDP ratio, Greece was expected to have a debt level
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingwith the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... on the banks’ own prudential funds. BoG estimates that as a result of the crisis new NPEs will range between 8
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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Economyis significantly higher than the 4.3 pct estimate in July last year when it published its previous review... that Fitch estimates at 18 pct of GDP at the end of 2021. The agency highlights the significant progress
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Government accused of complacency on food supply and price hikes
PoliticsGreek Politics. One estimate put the annual increase in the price of fertilisers at over 165 pct. Against... of shortages resulting from the war in Ukraine. The supermarket sector estimates that the price
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BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
EconomyMacroeconomy. This compares to a 1.8 pct growth estimate by the Finance Ministry in the final 2023 budget and 1 pct by the European Commission in its winter forecasts. The BoG is more modest in its estimates of investment
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ND and SYRIZA clash over costing of opposition economic programme
PoliticsGreek Politicsa four-year term, compared to the left-wing opposition’s own estimate of 5.5 billion annually... the government of lying over the source of the cost estimates it has been using to challenge the opposition’s
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