Search Results: IOBE

In services, expectations declined (-0.9), reflecting deteriorating assessments of current demand, future demand forecasts, and evaluations of the current business situation

Over six in ten (65%) of households said that their financial situation worsened over the past year

The economic climate index stood at 110.2 points in September, compared to 106.1 points the previous month and 106.8 points a year ago, according to IOBE.

In terms of Consumer Confidence, households showcased an increase in pessimistic predictions concerning the country's economic climate, while forecasts for their own economic prospects remained stable

This discrepancy occurs because the weighting of olive oil in the consumer price index, as prescribed by Eurostat regulations, is significant due to its historically high consumption by Greek households

The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop

The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing

Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%

Conversely, the growth forecast in 2023 lowered to 2.2% of GDP instead of previously announced 2.4%