MacroPolis

BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020

The Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report for 2019 in which it outlines a range of areas that Greek authorities should take encouragement from, while stressing others that require focus and pose challenges in the near and longer terms future.

Promises and challenges of Greece's "green new deal"

By: Georgia Nakou

Recent announcements promise a radical shake-up of the Greek power sector, with the government pledging to put the country among the global leaders in the transition to a zero-carbon economy.

GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY

Greece’s seasonally adjusted (SA) GDP increased by 0.6 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.

Budget for 2020 eyes faster growth while balancing tax cuts with more revenues

Following the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.

OECD report traces change in public spending over a decade

The latest OECD Government at a Glance report for 2019 has illustrated the way in which public spending has changed in Greece across the crisis years.

IMF cool on growth, urges greater effort on bank, fiscal and labour reforms

The International Monetary Fund (IMF) issued on Friday its latest Article IV consultation report for Greece and its assessment of the condition and prospects of the Greek economy.

EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach

The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.

ELSTAT confirms third consecutive year or fiscal surplus in 2018

The Hellenic Statistical Authority (ELSTAT), announced on Monday the fiscal data for the period between 2015 and 2018 in the context of the second Excessive Deficit Procedure (EDP) notification of 2019.

IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap

The International Monetary Fund (IMF) concluded its consultations with the Greek authorities in the context of its Article IV mission with a statement issued on Friday afternoon in which its staff outline the challenges that the new administration will face.

GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY

Greece’s seasonally adjusted (SA) GDP increased by 0.8 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2019 after an increase of 0.2 percent in Q1, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.