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EconomyMacroeconomy
OECD sees stable growth path of 2 pct in 2025, long-term challenges persist The OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities.
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EconomyMacroeconomy
Solid taxes and restrained spending push primary surplus to 5.15 bln by Apr The budget primary balance was confirmed at a surplus of 5.15 billion euros by April, compared to a surplus of 3.28 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts The European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin.
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EconomyMacroeconomy
Significant underspend and strong tax revenues push primary surplus to April above 5 bln The budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
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EconomyMacroeconomy
Fiscal data impressive but details suggest caution still required The state of Greece’s public finances took prominence in the public debate when Eurostat and ELSTAT published the official data for the 2021 to 2024 period, with Greece presenting a sizable primary surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total surplus of 3.18 billion euros, or 1.3 pct of GDP.
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EconomyMacroeconomy
Primary surplus reaches 4.5 bln in March due to property tax collection, significant underspend The budget primary balance was confirmed at a surplus of 4.5 billion euros by March, compared to a surplus of 2.99 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy
IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook The IMF released this week the latest macro and fiscal outlook in the context of the spring meetings. Its observations on Greece were in line with those in the recent Article IV consultations.
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EconomyMacroeconomy
Strong set of 2024 fiscal data provides space for voter-friendly handout package ELSTAT published on Tuesday the latest fiscal data for the 2021 to 2024 period, recording a significant primary surplus that was accompanied by an announcement from PM Kyriakos Mitsotakis of a surprise handout package worth 1.1 billion euros in support and public investments.
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EconomyMacroeconomy
Solid taxes and significant underspend push primary surplus 3.88 bln above target in Q1 The budget primary balance ran a surplus of 4.49 billion euros in Q1, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
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EconomyMacroeconomy Feb prim surplus confirmed at 2.8 bln, as taxes remain strong and spending contained The budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.