The recovery for 2021 will exceed the 7.9% predicted by KEPE, said the Minister of Development and Investment Adonis Georgiadis at today’s event of the Center for Planning and Economic Research (KEPE) for the presentation of the 3rd Annual Report of the National Council of Greece . According to a relevant announcement of KEPE, the […]
Tag: development
The budget figures under review
By Tasos Dasopoulos Under review, before the final vote is the final draft budget in Parliament, which began to be discussed today in the plenary of Parliament and is expected to be voted on Saturday. The data for the third quarter of the year, published last week, recorded a growth of 13.4% for the quarter. […]
France: Stronger-than-expected economic recovery in 2021
The recovery of the French economy, which is expected to grow at the fastest pace in the last 52 years, is proving stronger than expected, putting the labor market on a sound footing in view of the election year in France, according to the forecasts of the country’s statistical office. In particular, in the latest […]
The Ministry of Education and Science enters into a mode of ‘fiscal contraction’
By Tasos Dasopoulos Additional spending only for the “essentials” is the rule that seems to be adopted by the Ministry of Finance, wanting 2022 to be a year of fiscal stabilization, so that in 2023 the economy will have a “smooth landing” in the restoration of fiscal rules. Following the data published by ELSTAT for […]
Deutsche Bank: Growth of 8.7% in Greece this year, significant deficit reduction in 2022-2023
Her Eleftherias Kourtali Greece is expected to record the second highest growth rate in Europe but also higher than the average in the USA, Japan, China, Developed Economies and Emerging Markets, which will reach 8.7% after 14.9%. Ireland is expected to note. According to Deutsche Bank estimates, the two years 2022-2023 will be a period […]
Chr. Staikouras for GDP in the third quarter: The strong recovery is confirmed, the goal for the whole of 2021 is absolutely achievable
Confirmation of the strong recovery of the Greek economy and absolutely realistic, perhaps even conservative development goals for the whole of 2021 speaks the Minister of Finance Christos Staikouras, in a statement after the announcement of ELSTAT data on the course of GDP in the third quarter of the year. In fact, Mr. Staikouras stands […]
Strong growth … continued with 13.4% in the third quarter
The Greek economy moved at a high growth rate of 13.4% on a seasonally adjusted annual basis in the third quarter of 2021, according to data released by the Hellenic Statistical Authority (ELSTAT). More detail: Annual changes o Total final consumption expenditure increased by 7.3% compared to the 3rd quarter of 2020. o Gross fixed […]
13.4% increase in GDP in the third quarter with the locomotive tourism
LAST UPDATE: 12.30 By Tasos Dasopoulos GDP grew by 13.4% in the third quarter of the year, driven by the recovery of tourism, which increased services exports by 86.4%, and double-digit growth in investment and a large increase in private consumption. Based on the data announced a few hours ago by ELSTAT, the annual growth […]
IMF: Omicron global growth forecasts likely to be revised downwards
Recent forecasts for global economic growth by the International Monetary Fund are likely to be revised downwards due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said today. “A new variant that could spread very quickly could hurt confidence and in that sense, we are likely to see […]
ELSTAT announces a big growth on Monday
By Tasos Dasopoulos The result of the positive course of tourism in development will be known with the announcement of GDP development for the third quarter of the year by ELSTAT next Monday. According to the latest estimates of the Ministry of Finance, tourism regained for this year and for the period July-September, about 55% […]
