Search Results: GDP

Projected consumer prices are forecast to rise by 2.7%

The increase in private consumption accelerated faster than anticipated, rising by 1.4% quarterly in the last quarter of 2023, while exports also provided an upward surprise, recording a 0.4% increase

The analysis warns that higher inflation compared to key trading partners due to excessive wage increases would harm the country's international competitiveness

Only Bulgaria is in a worse position

Figure still higher than Eurozone average; jobless figure falls to 10.5% in 4Q 2023, according to Hellenic Statistics Authority (EL.STAT)

The central bank forecasts were listed in the "Note on the Greek Economy" report

KEPE underlines that the implementation of important reforms and investments through the utilization of funds from the Recovery and Resilience Facility and the new ESPA also play a role in the more positive outlook of the country’s economy

The report notes that consumption growth remained notably reduced despite a robust recovery in 2022, adding however, that it remained one of the main drivers of growth last year

The leaders are the Southern Aegean, accounting for 27% of revenues, Crete with 21%, Attica with 17%

DBRS on Tuesday revised, downward, its forecast for Greek economic growth in 2024, projecting a rise in GDP by 1.3%, down from a previous 2.2%. The international ratings agency’s forecast for 2025 is 2%. On the “upside”, DBRS said unemployment is expected to decrease below the 10%-threshold in 2024, continuing to fall in 2025 to […]

The data does not take into account the "grey market" in Greece which is estimated to be equivalent to some 25% of GDP in the country, according to the IMF

In terms of volume, ELSTAT data indicated a marginal 0.02 percentile upward tick in the 3rd quarter of 2023, in comparison to the previous quarter of the same year

Another highlight in the state budget is the first, after 14 years, pay hike for civil servants.