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  1. Disposable income falls for second straight quarter, by 0.7 pct in Q2

    EconomyMacroeconomy

    . The decline mostly reflects a rise in social contributions by 4.7 percent, which more than offset a fall... with nominal GDP contraction of more than 26 percent. When broken down, the figures reveal employees..., slightly slower than the 5.3 percent growth rate recorded in the previous quarter. Despite

    2%

  2. General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln

    EconomyMacroeconomy

    million. In contrast, the state budget posted a surplus of 1.82 billion, 364 million less than last year... an increase in SSF and tax refunds’ arrears by 188 and 156 million respectively more than offsetting a drop..., local governments and extrabudgetary funds, recorded arrears less than 400 million each in the January

    2%

  3. Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    deductions of 3.17 billion euros in the 10-month period of 2016, 4 percent higher than last year’s figure... by less than 50 million from the previous month to 93.44 billion. The monthly flow remained volatile..., which have dragged the balance down by more than 23 percent over this period. The biggest rate

    2%

  4. Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    on Tuesday. The headline figure is better than the 0.5 percent QoQ rise recorded in the flash estimates... for Q3 is also better than the 1.5 percent growth rate reported in flash estimates. In addition, GDP... by 14.1 percent that more than offset a rise in goods by 10.7 percent. The Bank of Greece’s (BoG

    2%

  5. Newsletter 98 - 02/12/2016

    Newsletters

    . Rather than the criticism of his decision to fly to Havana, Tsipras will probably have been more... higher than last year’s figure of 3.05 billion, which is also attributed to the ongoing loan... than the 0.5 percent QoQ rise recorded in the flash estimates released on November 14

    2%

  6. IMF sets out its stall as review deliberations resume in Athens
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    Greece exempts more than half of taxpayers from paying taxes. This compares to an average of just 8 percent in the eurozone. The tax-free threshold stands at 8,750 euros in Greece and is higher than... to restrict the ability of companies to dismiss employees, rather than to provide support

    2%

  7. Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
    Photo by MacroPolis

    EconomyMacroeconomy

    , 3.91 billion higher than target. Revenues Revenues (before tax refunds) rose for the fourth..., 146 million lower than target. For the 11-month period, primary expenditure edged up 1.5 percent... in the 11-month period, remaining 1.32 billion lower than target. In a separate table, the MoF

    2%

  8. Bank of Greece sees potential for recovery, urges calm in negotiations
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Following the better-than-expected GDP outcome in the 9-month period, BoG upgraded its macro estimates... than expected dampening effect on the economy. An additional risk involves the existing gaps... by 11.3 percent, which corresponds to more than 100,000 NPls, mainly focusing on long-term solutions

    2%

  9. Newsletter 104 - 27/01/2017

    Newsletters

    be. Tsakalotos claimed that all the participants acknowledged that the Greek economy performed better than... to 101.8 percent in Q1 2016. In addition, the household debt over assets ratio more than doubled, from... published by the Finance Ministry. The overperformance reflects higher-than-expected revenues (up by 1.88

    2%

  10. Space and time the missing elements in Greek bailout talks
    Photo by Panayiotis Tzamaros/Fosphotos

    Agora

    of road. The programme has less than 18 months to run, Greece cannot fund itself beyond the summer... (in terms of his and SYRIZA’s future) than hanging on until the last minute and signing up to a deal he... Tsipras and SYRIZA with a much more respectable legacy than the one they are destined

    2%