By Tasos Dasopoulos The OECD appears pessimistic about the growth of Greece in its report on the prospects of its member states (World Economic Outlook) forecasting growth of 2.8% for this year and 2.5% in 2023 due to high inflation and rising interest rates from ΕΚΤ. In the part of the report that examines Greece, […]
Tag: development
This year’s growth locked over 3%
Of Tasos Dasopoulos The growth of 7% recorded yesterday by ELSTAT for the first quarter of the year, guided by investments, exports and private consumption, ensures by 90%, the forecast for growth of 3.1% for the whole of 2022. Technically, achieving the official forecast requires an average growth rate of 1.3%, for the next three […]
The World Bank is ringing the bell of stagnant inflation – Reduce the forecast for global growth
The World Bank cut its global growth forecast by 1.2 percentage points to 2.9% in 2022 on Tuesday, warning that Russia’s invasion of Ukraine has exacerbated damage from the COVID-19 pandemic, with many countries be likely to experience recession. Russia’s invasion of Ukraine has exacerbated the slowdown in the global economy, which is now entering […]
Strong growth of 7% in the first quarter of the year
LAST UPDATE: 12.34 By Tasos Dasopoulos Growth reached 7% in the first quarter of the year, despite high inflation with locomotives investing, exports and private consumption, according to data released by ELSTAT on Tuesday afternoon. Specifically, the growth rate reached 7%, after the lifting of the majority of restrictive measures in force for the first […]
ING: ‘Temporary’ recession scenario in the eurozone possible – Greece ‘champion’ in inflation
Her Eleftherias Kourtali ING maintains a stable assessment of growth in Greece this year, as noted in its new report on the outlook for the global economy, placing it at 2.9%, while it continues to see a recession in the second and third quarters of this year in some European economies and estimates that the […]
Global recession? Not yet, economists say, but prepare for high prices, low growth
A global recession is not imminent, but prepare for rising costs and slower growth, economists say, according to CNBC. “There will be no sudden recession after a period of stagnant inflation,” said Simon Baptist, chief economist at the Economist Intelligence Unit. As the war in Ukraine and pandemic disturbances continue to plague supply chains, stagnant […]
Bloomberg: US economic data signals more stable growth
The strengthening of consumer spending and the decisive reduction of the trade deficit show that the US economy is emerging in a short time from the puddle of the first quarter, according to Bloomberg. Maintaining this momentum later this year is even more questionable, as manufacturing and housing weaken along with rising employment and wages. […]
DIANEOsis: The great opportunity for investment and growth through the resources of the Recovery Fund
Greece will be found with unprecedented resources for a few years. About 17% of the GDP it will receive from the Recovery Fund will, despite the new problems posed by the war in Ukraine, be, perhaps most recently, an opportunity to strengthen the economy through investments that would not have been possible two years ago. […]
Alpha Bank: The ‘globalization’ of the inflation phenomenon
The war in Ukraine and the ensuing disruptions in supply chains have triggered a “globalization” of inflation, a synchronized – albeit not symmetrical – rise in global inflation, Alpha Bank notes in its Weekly Economic Development Bulletin today. publicity. As he points out, “inflation is not exactly the same everywhere. In Greece, the effect of […]
ECB: Public debt, disposable income and low growth are the risks for Greece
By Leonidas Stergiou The effects of the war on energy prices, inflation and lower growth amplify risks to the Eurozone financial system and economy. These risks are greater for countries with high public debt, more expensive borrowing costs and lower disposable income. This is one of the main conclusions of the Financial Stability Report presented […]
