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Athens waits for credit rating upgrade as 10-year yield drops to new low
Economyit has not taken any rating action on three occasions during its regular cycle. This means it is now..., however the growth estimates for this year have been trimmed down in the draft budget to 2 percent and although New Democracy expects acceleration to 2.8 percent for 2020, the latest estimates from
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BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
Economyeconomic activity during the first half of the year. Private consumption will face a significant... recent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... estimates. The OECD sees global growth slowing by 0.5 percentage points to 2.4 pct. For Europe, the OECD
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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Economyinitiatives. In any event, the level of impact outweighs anything that was experienced during the global... level, household spending, business investment and international trade. The OECD estimates the impact... unchanged. The OECD estimates the overall hit in consumer spending to be around a third in many major
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IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
EconomyMacroeconomy, as the primary surplus grows over time. The cyclically adjusted primary balance is slightly higher during.... It will be 1.4 pct in 2024, 1.6 pct in 2025 and estimated at 1.9 pct in 2026. The estimates... these estimates were at 178.7 pct of GDP in 2023 and under 161 pct, at 160.7 pct of GDP by 2027. This change
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Return to investment grade overshadowed by flood destruction
Economyto citizens and producers, and infrastructure will need to be rebuilt. During the weekend it was reported... investments. DBRS endorses the Greek authorities estimates of 2.3 pct growth this year, as the investment..., with some initial estimates briefed by Greek officials seeing it more than 3x potentially reaching 2.5
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Newsletter 442 - 22/11/2024
in September 2023. During the three quarters of 2024, the current account deficit was 7.67 billion euros, from..., the underlying numbers highlight the challenges for the coming years. According to the latest estimates... and investments, is also captured in the 2025 estimates as they are seen growing by 3.6 pct in 2025
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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgrammeduring the weekend, German Finance Minister Wolfgang Schaeuble said that conditions for providing... euros but the overall impact on the economy would be materially negative. SETE estimates... ground on these demands. Pensions The second government intervention with estimated cost savings
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomyreading was 5.4 percent in 2007. The increased use of cards continued during 2016 and its share... – 1.7 percent. Based on those estimates, the BoG concludes that the increased use of cards in Q3 2015... 2016, while the effective rate is estimated to have increased by 1 percentage point due
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Newsletter 205 -10/05/2019
. For the same time last year, the unemployment rate came to 20.6 percent. During the month, employment.... Achtsioglou said that the Labour Ministry estimates the scheme for unpaid contributions will lead... that will be implemented this year are estimated to cost 1.15 billion euros, around 800 million of which
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Greece braces for potential impact of coronavirus on key economic sectors
PoliticsGreek Politicsduring the trading day, before retreating slightly, while Italian yields also rallied intraday... Theocharis estimates based on industry sources that the cancellation rate of Chinese bookings... referenced his French counterpart, who estimated the drop in French tourism at 30-40 pct
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