MacroPolis

PBO sees 2024 growth of 2.5 pct hinging on RRF and investments

The Parliamentary Budget Office (PBO) published on Monday its latest quarterly report in which it is broadly positive about the prospects of the Greek economy in 2024, though it does flag up concerns about the effects of persistent inflation, the implications of the latest minimum wage rise and the critical role of the RRF for growth forecasts to materialise.

Great Expectations: Is Greece 2.0 hitting the target?

By: Georgia Nakou

Funding from the EU’s Recovery and Resilience Facility has been central to shaping expectations of economic recovery in Greece as the country emerges from its ten-year economic crisis and the Covid-19 pandemic.

EC tweaks forecasts, sees 2023 growth at 1.2 pct

The European Commission updated its estimates in the latest winter forecasts, essentially retaining the view it held in the autumn, seeing modest growth of 1.2 percent in 2023, after a rise of 5.5 percent in 2022.

Questions posed about pace of absorption for RRF funds

As the dust settled from this week’s forest fire on the outskirts of Athens, SYRIZA turned its attention to the government’s performance in absorbing funds from the European Union’s Covid response package, the Recovery and Resilience Facility.

Concerns about RRF growing as deadlines loom

There are growing concerns about whether the Greek government can keep up with the pace necessary to ensure the release of EU funding from the Recovery and Resilience Facility (RRF) for a wide range of projects, while Bank of Greece governor Yannis Stournaras has urged the authorities to ensure that the money goes to the appropriate enterprises.

Implementation snags hang over ambitious post-Covid recovery plans

Greece’s national plan to allocate EU Recovery & Resilience funds is moving apace at the planning stage, but appears to be stumbling at implementation.

Govt readies targeted support for energy bills in bid to contain cost of living crisis

High energy prices continue to challenge the government’s fiscal planning going into the new year, as it works towards putting in place targeted measures to ease the pressure on households and small businesses.

Covid spike forces change in govt plans, eclipsing deal with banks for rollout of RRF loans

Greece recorded a record number of new Covid infections on Tuesday, forcing Prime Minister Kyriakos Mitsotakis to cut short a brief holiday in Epirus and the government to bring forward restrictions that were due to come into force on January 3.