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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomypercent respectively in private consumption. The OECD estimate is less optimistic as it forecasts... to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE). Retail sales are estimated below the 4-billion-euro mark
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesrange is applied on a rolling basis. On the back of those restrictions, we estimate that the eligible... estimates on the correlation between government bond yields, credit ratings and monetary policies... is delayed significantly, the impact on bond yields would be lower than initially estimated and would
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomyconservative estimate of a 1.2 billion increase between Q2 2017 and the end of 2019. Curing is seen as falling by 2.5 billion due to higher sales and loan write-offs. These estimates are driven by BoG... adjusted to 21.1 percent from a previous target of 36.1 percent. Most of the estimated NPE and NPL
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyin 2020, with a recovery estimate of 5.1 percent in 2021.... quarter (Q2) of 2020 after a revised decrease of 0.7 percent in Q1 2020, provisional estimates from...’s GDP, a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyofficial revision of the growth estimate for this year. GDP is now seen rising by 5.3 pct, from 3.1 pct... roughly 20 pct below the 2010 levels. The Finance Ministry admitted that in the latest estimates the cost... euros for 2022. The actual fiscal cost of those interventions on the energy market are estimated
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Newsletter 435 - 04/10/2024
once again to revise down its growth estimate for this year to 2.2 pct, when in the final 2024 budget... growing by 6.7 pct this year. Real GDP growth estimates also moderate further from 2027, when... years is due to receive some sizable military orders estimated at 4 billion euros for warships
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Newsletter 94 - 04/11/2016
and the rebellion by its radical members, who left to create Popular Unity. Beyond carrying out a clear... is estimated at 0.5 percent of GDP. The World Bank’s proposals to eliminate tax credits are estimated... the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesand protected privileges would soon feel their political existence threatened. It is also abundantly clear.... It is estimated that this adjustment will result in an average pension reduction of 14 percent for around... to an estimated 20.6 billion euros in 2017. Funding by the state Public pension funds have run a deficit since
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomythe economy to grow by 0.6 percent this year. After today’s flash estimate and revisions, this means... the estimates for a -0.4 percent drop. The first quarter was revised downwards to -1.1 percent from -0.9... the initial estimates of 19 million visitors in spite of the decline in visitors from Russia
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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomyits jobless estimate for 2016 was kept broadly unchanged at 24.8 percent. Greece will remain...In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates... previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD
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