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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomy. The balance of social security funds came to 770 million compared to 1.12 billion a year ago... to improve the balance sheets of banks and allow more liquidity into the economy. Investments... of the crisis. Between 2009 and 2017, exports of goods and services rose from 19 percent of GDP to 33.2
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What would a clean bailout exit for Greece mean in numbers?
Agoradebt to service since the new bonds that were exchanged to avoid the PSI had exactly the same... that Greece is expected to achieve so it can service its debt without accumulating new one. In November 2012... government bonds which were excluded from the PSI and are still being serviced and repaid as normal
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A sudden turnaround that could lead to sharp shock
Agoraimporter of Greek goods. Looking at the 2019 balance of payments data from Bank of Greece, travel and sea... the same balance of payments data, excluding oil and ships, Greece trades more than 5 billion euros... hit the Greek economy through external demand. This was initially evident in services, as tourism
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Newsletter 307 - 10/09/2021
an impressive drop in bad loans on banks’ balance sheets, with the NPE ratio dropping to 21.3 pct... the pandemic. The price of oil had a significant impact on the trade balance, when stripping out the impact... rate on coffee, transport, cinemas, theatres and tourism-related goods and services. There is also
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Newsletter 116 - 28/04/2017
of employees remained almost stable at 21.61 billion. The overall balance grew notably by 6.8 billion... of the remarkable improvement in the primary balance, the overall fiscal consolidation also reflects a decline... in April Services confidence indicator posts sharpest rise in last 12 months Three of the other four
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Better income account helps squeeze Greek C/A deficit in January
EconomyMacroeconomymillion. This reflects a 10.6 percent rise in non-residents’ arrivals. Nevertheless, the services surplus fell slightly by 9 million YoY due to a worsening of the other services balance mainly related... the Greek C/A balance remaining negative in 2014 and 2015, at 1.8 and 1.6 percent of GDP respectively.
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Newsletter 105 - 03/02/2017
in 2016, while business closures reached 35,159, resulting in a negative balance of 6,544... a positive balance of company openings over business closures. Overall, the study concludes... by 0.7 and 3.1 points, respectively, while those for services and construction declined by 0.1 and 1.3
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A snapshot of the Greek economy
Agorato examine state of the Greek economy at this early point of the year Budget balance: According... recorded a primary surplus of 1.797 billion. In addition, the government budget balance showed a deficit... services. Also, there was a 1.9 percent increase in food and non-alcoholic beverages mainly due
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Newsletter 277 -11/12/2020
with an increase of 42 million euros YoY. Overall, the state budget primary balance showed a fall of 14.71 billion euros, landing at a deficit of 9.07 billion euros. The budget primary balance for the same time last... million) and the purchase of goods and services (-121 million). The turnover index in accommodation
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Job market slows this year as 67,202 fewer jobs created up to Oct
EconomyMacroeconomyGreece’s employment balance went into deep negative territory in October as there were 115,856 more... information system. In September, the balance had turned positive with 26,238 more hires than departures, while there was a deterioration by 45,808 fewer jobs compared to the negative 70,048 balance
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