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Newsletter 356 - 21/10/2022
raised global concerns about a recession have made investors sceptical of building positions
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Speculation over polls heats up as parties battle over cost-of-living measures
PoliticsGreek Politicsof “multiplying the painful consequences of global crises”. He argued that Greece has one of the highest
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Industrial production back in negative territory for Sep as electricity supply drops sharply
EconomyMacroeconomyof the Greek manufacturing sector, and S&P Global notes this is now also reflected in the firms’ output
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyexpected to slow down as European partners and the global economy will experience their own
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite the global challenges - sees Greece outperforming EU peers and avoiding a recession, while also delivering a primary surplus. Growth for next year is seen at 1.8 pct, a minor revision from the 2.1 pct
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SYRIZA pushes alternative cost-of-living package but govt support still a vote-winner
PoliticsGreek Politicsto the legislation, opposition parties referred to Greece’s worsening position in global indices of press freedom
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Industrial turnover grows 23.7 pct YoY in Oct, but drops by 2.6 pct MoM
EconomyMacroeconomyOctober to 48.4 points, according to S&P Global data. November’s PMI is the fifth consecutive decline
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BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
EconomyMacroeconomyThe Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022. The BoG notes that the macro environment which has been
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Manufacturing reaches half a year of contraction as PMI drops further in Dec
EconomyMacroeconomyGreece’s Manufacturing PMI dropped further in December to 47.2 points, from 48.4 points in November, according to S&P Global data released on Monday. December’s PMI marks half a year of decline in the operating conditions of the Greek manufacturing sector. This is due to ongoing contractions
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PM signals April elections as MP at centre of latest sleaze scandal resigns
PoliticsGreek Politicsconference on Wednesday, Plevris tried to reframe the problem as one caused by global shortages
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