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  1. EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    vaccination rates and the total number of severe cases that allowed the lifting of containment measures... will push the deficit further down to 1.1 pct of GDP in 2023. The gross debt is seen at close to 203

    5%
  2. High participation in bond swap provides end of year boost

    Economy

    million for 2037 and 523.1 million for the 2042, a total of 1.85 billion euros, implying a cash exchange of 1.1 billion euros. The PDMA’s main purpose with this transaction is to normalise the yield

    5%
  3. Credit expands by 1.3 pct in Dec as loan balances drop by more than 31 bln in 2021
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Credit movement in the Greek private sector increased by 1.3 percent year-on-year in December, from a rise of 1.1 percent in November, and 0.9 percent in October, Bank of Greece (BoG) figures... the total drop in the balance during 2021 by 31.48 billion euros as banks shift loans off

    5%
  4. Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    ). Out of the total, corporate loans came to 32 billion euros, up by 2.9 billion euros QoQ. Loans to non... to 11.67 billion, representing a rise of approximately 1.1 billion euros. Finally, loans to individuals

    5%
  5. OECD lowers 2022 growth forecast to 2.8 pct as challenges mount
    Photo via http://www.oecd.org/

    EconomyMacroeconomy

    , aside from the energy imports channel from Russia, which accounts for 30 pct of total energy... were only 1.1 pct of Greek travel receipts last year. The global environment, which has been

    5%
  6. Newsletter 355 - 14/10/2022

    Newsletters

    than 8 million out of a total of 13 million visitors. In the meantime, during the first eight months... pct rise in the previous month. Month-on-month, the seasonally adjusted index dropped by 1.1 pct

    5%
  7. Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
    Photo by MacroPolis

    EconomyMacroeconomy

    Statistical Agency (ELSAT) on Thursday. The total number of permits issued in July reached 2,254... the recent high in positive territory of 1.1 points in March.

    5%
  8. Building activity back to growth in Aug, but year-to date remains subdued
    Photo by MacroPolis

    EconomyMacroeconomy

    by the Hellenic Statistical Agency (ELSAT) on Monday. The total number of permits issued in August reached... the recent high in positive territory of 1.1 points in March.

    5%
  9. GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    percent rise in services and 1.1 percent decrease in imports of goods. Compared to Q3 2021, all... by 0.3 percent. Total imports also increased by 5.2 percent YoY, thanks to a rise of 8.6 percent

    5%
  10. Industrial turnover grows by 16.7 pct in Dec as foreign markets contract MoM
    Image via www.viohalco.com

    EconomyMacroeconomy

    in the total market decreased by 1.5 percent, led by decreases of 1.5 percent in manufacturing and mining and quarrying down by 1.1 percent. Monthly, the domestic market was up by 0.8 percent while the foreign

    5%