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A sudden turnaround that could lead to sharp shock
Agoraclosed down many of its factories. The pain will also be evident in the exports of goods as Greece’s... in Europe. The domestic media went as far as suggesting that growth could surpass the government estimates..., puts 4 billion euros of GDP at risk. In terms of GDP estimates, some of this collapse of economic
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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomy, a region that represents 67 pct of total nationwide sales. However, the pain is also shared by Finance... the scale of deviation from the initial assumptions. Also, the estimates of 4.8 pct growth this year... own estimates closer to 2 pct and a stronger rebound in 2022. Given these challenges, it is little
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GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
EconomyMacroeconomypct that appeared in the 2023 final budget at the end of 2022. The most recent inflation estimate... in 2023, from 1.2 seen in the previous estimate in February. In its latest World Economic Outlook... percent QoQ. Outlook According to the latest Finance Ministry estimates included in the Stability
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Athens buoyed by EU, US support over maritime spat with Turkey
PoliticsForeign Policyon the Turkey–Libya maritime border deal. A common statement adopted by the EU leaders during... on Thursday decided to appoint a special envoy to Libya. This will be Ambassador Christodoulos Lazaris. His mission will be to maintain contact with all sides in Libya in order to closely monitor developments
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After signing EastMed pipeline pact, Athens aims to tackle Turkey challenge
PoliticsForeign Policymemoranda with the Tripoli-based government in Libya. Officials in Athens stress, however... following Turkey's intervention in Libya, the message to Ankara in the joint statement they issued... in Libya presents a dangerous threat to wider regional stability.” The statement also noted
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Quiet summer in Greek-Turkish relations not seen lasting
PoliticsForeign Policy, in the upcoming EU Summit. Libya Libya is another issue that is of major concern to Greek diplomats. Libya’s Prime.... Even though the meeting focused more on Turkey’s economic “return” to Libya for the country’s... from the international community. The political situation in Libya will remain fluid and it is quite
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A busy year of diplomacy for Athens, but Greek-Turkish ties stagnate
PoliticsForeign Policycountries. But it also accomplished a rapprochement with Libya. Greece’s decision to extend its... was its rapprochement with Libya. That was accomplished with numerous visits by Greek officials, including... for the first time a high-level meeting on Libya on November 12, in Paris. Greece had been excluded twice from
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Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
PoliticsGreek Politicswith as little pain and drama as possible. Provisions The bill was put to public consultation on Thursday... will end up at 8 pct of GDP, although other estimates put it at around 10 pct. The GDP data from
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Govt weighs escalating impact of Ukraine war on public finances
PoliticsGreek Politicspain is also on the way for electricity consumers. Wholesale electricity prices in Greece jumped...The government is racing to keep up with estimates of the impact of war in Ukraine on the budget, as another week of hostilities has sent the prices of energy and basic goods soaring and businesses
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Newsletter 370 - 17/02/2023
to a 0.7 pct of GDP primary surplus in 2023. The announced package aims to address two main pain areas... performance of 2022, which beat even the most optimistic estimates, and well aware that are certain
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