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Greece braces for recession, hopes to bounce back from summer onwards
Economyfor the tourism industry is rising by the day and although there were initial estimates in mid-March... the scope of companies that will be eligible for support next month, Staikouras estimates that 90 pct... for the 800 euros benefit. He estimated the fiscal cost in March and April at 4.7 billion euros
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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Economylevel, 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... in line, estimated at just above 25 percent of GDP. The least impact is expected in Ireland at nearly
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyThe IMF released on Tuesday its latest economic estimates in the context of the World Economic... previous estimates of a more modest recession in the area of 4 pct. Alternate Finance Minister... is on course for an estimated drop of 7.5 pct, according to the IMF, which expects a recovery of 4.7 in 2021
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Newsletter 249 -08/05/2020
. Government spending, thanks to various support initiatives that the Commission estimates at 6.9... to -2.1 percent of GDP in 2021. Gross debt estimates by the Commission reach 196.4 percent of GDP... of the damage to the country’s key tourism sector. the estimated 700,000 workers employed in the sector. Among
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Newsletter 257 -07/07/2020
contraction of 9 pct in 2020, from 9.7 pct in the spring estimates. Although Greece can take some comfort..., the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which... will drop from 2.4 billion euros estimated initially for this year to 900 million. Another billion
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Economycontracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates... and any new ones which might be formed from the pandemic. It is estimated that after all banks
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Newsletter 278 -14/12/2020
contracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates... new ones which might be formed from the pandemic. It is estimated that after all banks complete
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Newsletter 307 - 10/09/2021
recent forecast. Before this week’s GDP release, the estimates of major international organisations... the more optimistic estimates of the private sector, which converged towards a consensus of above 5... in his speech at the Thessaloniki International Fair over the weekend. It is estimated that 1 percentage
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Govt finds devil is in detail for windfall tax on power companies
PoliticsGreek Politicsbeen deducted. The RAE report estimates that 5-20 pct of each supplier’s contracts could fall into this category. Early estimates floated in the media have suggested that the final amount could... fixed price contracts more than wipes out the estimated profits. Other companies are also said
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Govt puts focus on handouts, migration to take heat off surveillance affair
PoliticsGreek Politics. According to the last estimates by the Finance Ministry, the cost to the budget of absorbing the expected... the state. All in all, Finance Ministry estimates place the “pure” fiscal overperformance at 800 million... be supported out of an estimated 5.17 bln of tax overperformance achieved between January and July
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