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EconomyMacroeconomy
BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms The Bank of Greece published on Wednesday its interim monetary policy report for 2023, which assesses the economy’s progress over the year, though challenges are clouding the outlook.
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EconomyMacroeconomy
Deposits drop by a sharp 2.14 bln in Oct, driven by corporations The net private sector deposits in the Greek banking system contracted strongly in October, with a 2.14-billion-euro outflow, after an upward movement of 2.23 billion euros in September, based on the latest Bank of Greece (BoG) figures released on Tuesday.
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EconomyMacroeconomy
Despite slowdown, property prices jump by 11.9 pct YoY in Q3 The growth in the nominal value of apartments in Greece stayed strong in Q3 2023, increasing by 11.9 percent year-on-year (YoY) from an upwards revised 14.5 percent in Q2 2023, Bank of Greece (BoG) data released on Thursday showed.
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EconomyMacroeconomy
Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record Greece’s travel balance recorded a surplus of 3.03 billion euros in September, from 4.11 billion euros in August, according to Bank of Greece (BoG) data released on Tuesday.
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EconomyMacroeconomy
Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln Greece’s current account recorded a deficit of 404.3 million euros in September, from a surplus of 497.7 million euros in August, Bank of Greece (BoG) data showed on Monday.
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EconomyMacroeconomy
Deposits reach highest since May 2011 with 2.23 bln rise in Sep The net private sector deposit movement in the Greek banking system was strong in September, with a 2.23-billion-euro inflow, after a marginal movement of 190 million euros in August, based on the latest Bank of Greece (BoG) figures released on Wednesday.
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EconomyMacroeconomy
Led by lending to corporations, pace of credit growth rises to 2.1 pct in Sep The credit expansion in the Greek private sector picked up pace in September, rising by 2.1 percent year-on-year (YoY), from 0.9 percent in August, Bank of Greece (BoG) figures released on Wednesday showed.
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EconomyMacroeconomy
Travel receipts of 14.66 bln to Aug beat last year, head for all-time record Greece’s travel balance recorded a surplus of 4.11 billion euros in August, from 3.88 billion euros in July, according to Bank of Greece (BoG) data released on Monday.
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EconomyMacroeconomy
Current account deficit drops further, at 6.85 bln up to Aug from 11 bln last year Greece’s current account produced a surplus of 497.7 million euros in August, from a surplus of 827.5 million euros in July, Bank of Greece (BoG) data showed on Friday.
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EconomyMacroeconomy
Mixed picture for deposits continues in Aug with rise of just 190 mln The net private sector deposit movement in the Greek banking system was marginally positive in August with a 190-million-euro inflow, after dropping by 136 million euros in July, based on the latest Bank of Greece (BoG) figures released on Wednesday.