Search
-
PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
EconomyMacroeconomywas a solid 2.2 pct, investments were subdued. The PBO’s outlook remains broadly unchanged, with a small downward revision to 2.2 pct growth for 2025, from 2.3 pct previously. On the fiscal front, the PBO
28% -
Is Greece on track to decouple from fossil gas?
Agoraplants to be added to the existing fleet, increasing total net capacity from 6 GW in late 2023 to 7.7 GW... with increased storage capacity[2] as an alternative to new gas plants. In any case, the 7.7 GW of total gas... infrastructure, as it already foresees 2.2 GW of PHES (the current capacity being 0.7 GW) and 3.1 GW
28% -
OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomyThe OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December. At the time, the OECD had pointed out that the recovery could be stronger if the support package
27% -
Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomyreleased a first estimate of the overall GDP figure for 2018, showing that it grew by 1.9 percent...’s (MoF) final budget estimate of 2.1 percent for 2018. A breakdown of annual components showed... by 7.5 percent, meaning that the initial figures for 2018 have beaten this estimate. Imports of goods
27% -
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
EconomyMacroeconomyin economic expansion in 2025 and 2026. Alongside robust private consumption, backed by steady income growth, these factors are projected to sustain GDP growth at 2.3 pct in 2025 and 2.2 pct in 2026... and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen
26% -
Retail index fell by 2.2 pct in Feb but trend improving
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 2.2 percent year on year (YoY) in February, while volume slightly rose by 0.6 percent, according to the Hellenic Statistical Agency (ELSTAT). Both headline figures showed an improving trend for the second straight month. On a monthly basis
26% -
Greek CPI drops at slower rate of 2.2 pct in Feb for 24th straight month of deflation
EconomyMacroeconomyThe drop in the Greek consumer price index (CPI) decelerated to 2.2 percent in February from 2.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT). Greece has been in deflation since March 2013. Over that last two years, the highest decrease in CPI was posted in November
26% -
Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomyGreek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow stayed negative for the fifth successive month with deductions increasing to 458 million in November
26% -
Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomyGreek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. The outstanding balance of central bank
26% -
Wages index up by 2.2 pct in Q2 for ninth straight increase
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index rose by 2.2 percent year-on-year (YoY) in the second quarter (Q2) of 2019, following an increase of 1.8 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday. The wages index captures employees’ gross earnings, including
26%