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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth

Tue, 22 Nov 2016 06:15:00 GMT

were included in the draft budget that was tabled on October 3. Fiscal estimates The general... upward revised to 2 percent of GDP from 1.8 percent in the draft budget, above target of 1.75... anticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates

Where is Odysseus? Part 2 - Uncertainty

Thu, 05 May 2022 08:06:00 GMT

retirement age was increased twice in Greece.[2] This increases the potential pool of labor... for immigration, within a certain interval.[3] The baseline scenarios of most demographers still maintain... reality, if fertility remains weak. For completeness, we also show in Figure 2 (above) what

Does the EU Commission suffer from optimism bias? (Part 2)

Wed, 08 Mar 2023 14:27:00 GMT

that member states (strategically) adopt this scenario as their own (for which there is evidence[2... emerges when we take the added effort to turn on System 2, or “Slow Thinking,” based on analysis... “rationality” assumptions called “Prospect Theory.”[3] In chapter 23 of his book, called “The Outside View,” Mr

Stability Programme sees improved growth, primary surplus above 2 pct from 2024

Tue, 02 May 2023 11:51:00 GMT

. The primary balance rises above 2 pct of GDP next year, up to 2.5 pct of GDP by 2026, which is broadly... years in 2026. Interest payments also fall slightly from the 3 pct of this year to 2.6 pct of GDP.... It is now seen higher at 2.3 pct, and then it stays at 3 pct for two years, before 2.1 pct in 2026

Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche

Mon, 12 Oct 2015 06:44:00 GMT

including the prior actions needed for the disbursement of the next sub-tranche of 2 billion. The bill... retirement age limits gradually increase as of August 19 until January 1, 2022. 2) The minimum pension... to their social security contributions. 3) An additional penalty of 10 percent is imposed on early

Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct

Wed, 01 Apr 2015 19:32:00 GMT

a primary surplus for 2015 in line with the Economic Adjustment Program target of 3 percent. Reforms As we... (225 million). 2) Other public revenue mobilisation with anticipated revenues of 480 million in 2015... (125 million). 3) Public finance management with targeted revenues of 380 million particularly from

Economic sentiment slides by 3 pts in July to lowest in over a year, construction mood sours

Thu, 28 Jul 2022 12:08:00 GMT

Greece’s economic sentiment (ESI) declined further by 3 points to 101.1 in July, after dropping... Expectations Indicator (EEI) came to 110.3 in July, from 110.8 in June. The EEI is up 2 points in the rolling... of the impressive recovery since the pandemic. Retail trade increased by 4.1 points to 3, turning

Industrial production falls by 2 pct in February

Thu, 05 Apr 2018 11:26:00 GMT

Greece’s Industrial Production Index (IPI) declined by 2 percent in February after a 1.2 percent...). The seasonally adjusted IPI fell by 2 percent, and came to 94.63 for February. The aggregate... published by the European Commission showed that in the year to date, industry confidence improved by 3

GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year

Wed, 06 Sep 2023 10:06:00 GMT

to 2.7 percent year-on-year (YoY), from a 2 percent YoY rise in Q1. The quarterly movements in Q2... components recovered. Final consumption increased by 2 percent YoY, while investments also increased... trajectory expected to remain stable in the coming years, growing by 3 pct in 2024 and 2.7 pct

Retail turnover drops by 3 pct in July for fifth straight negative reading

Wed, 30 Sep 2020 09:42:00 GMT

Greece’s retail sales index decreased by 3 percent in July following a downward revised drop of 3.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The latest month... Retail trade fell by 2 points month-on-month to -20.3 points, and worsened by 47.1 points year-on-year.