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  1. Newsletter 392 - 08/09/2023

    Newsletters

    . According to an estimate from the National Observatory of Athens, 72,000 hectares of land has been... tourism that will boost the traditionally strong Q3, it is believed that the estimates of 2.3 pct... policies, which pushed up interest rates by more than 400 basis points, it is estimated that one more

    6%
  2. Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near

    EconomyMacroeconomy

    the economy to grow by 0.6 percent this year. After today’s flash estimate and revisions, this means... the estimates for a -0.4 percent drop. The first quarter was revised downwards to -1.1 percent from -0.9... the initial estimates of 19 million visitors in spite of the decline in visitors from Russia

    6%
  3. OECD sees recession in 2015-16, stresses need for reform implementation

    EconomyMacroeconomy

    its jobless estimate for 2016 was kept broadly unchanged at 24.8 percent. Greece will remain...In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates... previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD

    6%
  4. S&P highlights risks for Greek banking sector

    Economy

    2017. The rating agency reiterates its estimate for zero GDP growth in 2016 and strong rebound of 3... during the crisis weigh on Greek banks’ financial profiles. The rating agency estimates banks’ non... by the end of 2017. S&P estimates that credit losses will continue to exceed pre-provision income

    6%
  5. IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct

    Economy

    percent and Greek government’s estimate of 0.63 percent. For 2017, the IMF estimates a primary surplus... outlining its fiscal estimates. It is worth noting that the fund had not updated its fiscal... tabled on Monday, the Greej Finance Ministry estimates debt to GDP ratio at 178.9 percent in 2017

    6%
  6. BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
    Photo via http://www.delphiforum.gr/

    Economy

    recession in its previous estimate, to 7.5 pct. This is in line with the European Central Bank’s estimates and is based on the latest official data from ELSTAT, which sees Greek GDP dropping by 7.9 pct... Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic

    6%
  7. Polls show Golden Dawn support dropping after murder, New Democracy profiting most

    PoliticsGreek Politics

    suggests New Democracy profited most from the neofascist party’s decline, with 7.7 percent of GD voters

    6%
  8. Sharper drop for retail sales in July points to lingering recession

    EconomyMacroeconomy

    Retail sales continued heading south for yet another month with the contraction rate accelerating to 14.2 percent in July from a revised 7.7 percent in June, according to Hellenic Statistical Authority (ELSTAT). A similar drop (14.0 percent) was also evident in retail volumes. The picture remains

    6%
  9. It remains a mystery
    Photo by Can Esenbel [www.mundanepleasure.com]

    Agora

    adequacy ratio of 11.7 percent and non performing loans were at just 7.7 percent. A Greek bailout

    6%
  10. Industrial production continues decline with 7.2 pct drop in August

    EconomyMacroeconomy

    4.5 and 7.7 percent. The negative performance in August reflects a decline among all key industrial

    6%