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In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
Economyprevious estimate that economic activity will start picking up from the second half of this year.... However, EC updated its estimates on the GDP components and is now expecting private consumption to drop... estimates involve persistence of the strong revenue collection as well as revenue administration
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IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
EconomyMacroeconomyupped its primary surplus estimate for 2016 to 3.3 percent of GDP, from 0.1 percent in its previous... Fiscal Monitor, which provided its updated fiscal estimates. Unlike the downward revision of its..., the Fund estimates a lower primary surplus of 1.5 percent of GDP from 2019 onwards. This means that IMF
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Gov't adopts patchwork of measures to overcome liquidity problems
EconomyProgramme: 310 million on March 6, 348 million on March 13 and 581 million on March 16. The last tranche... remaining 310 million relate to 90 percent of HFSF current cash reserves that until the end of 2015
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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomyprevious estimate for a GDP contraction of 0.7 percent expected in early February. In specific, EC... 2015, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday. The headline... is the highest negative reading since Q4 2014. ELSTAT said flash estimates are expected to be revised upon
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Deadly collision throws spotlight on government’s migration policy
PoliticsGreek Politicsthe crossing from Libya, and for which the Greek Ombudsman recommended disciplinary charges against... insufficient compared to the needs of industry which estimates a requirement of closer to 200,000... those living and working legally in Greece, including an estimated 155,000 migrants on long-term
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Revised GDP data shows recession for 2016, higher growth in 2014
EconomyMacroeconomyAccording to the Hellenic Statistical Authority’s (ELSTAT) second estimate for the 2016 Annual... an initial estimate of 0.1 percent growth. ELSTAT also revised the national accounts for the years... compared to an initial growth estimate of 0.6 percent. Expenditure of households dropped by 0.1 percent
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomyof the flash estimate. All key GDP components fell QoQ. The most significant drops were seen... 2015, the Hellenic Statistical Authority (ELSTAT) provisional estimates showed on Monday. The headline figure is slightly worse than the 0.4 percent QoQ contraction in the flash estimates released
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EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
EconomyMacroeconomyadjustments for the Greek growth outlook from the previous estimate in May. The Commission for 2024 sees... in 2025, falling below the 2 percent threshold in 2026. In the estimates in May, inflation for 2024..., dropping to 9.8 percent next year and 9.2 percent in 2026. This is broadly in line with the estimates
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PM briefs EU leaders on migration stance as Turkey tries to pin blame on Greece
PoliticsForeign Policythat Turkey has usually interpreted it. Libya There is a possibility of a ceasefire in Libya within the next.... But, according to government spokesman Steffen Seibert, Merkel told Haftar that the situation in Libya... that will take place in Libya's international waters aiming to preserve the UN arms embargo. The new
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Amid lack of communication, overflights add to Greek-Turkish tension
PoliticsForeign Policyon the sidelines of NATO Summit, in London in early December. Libya concerns Athens is also closely monitoring Turkey’s efforts to enhance and stabilise its presence in Libya, supporting the UN-recognised government in Tripoli. According to press reports, Turkey maintains five frigates closely to Libya
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