Of Eleftheria Kourtali Central banks are closing the taps on liquidity and monetary stimulus in a time of stubbornly high inflation, pushing up government bond yields and borrowing costs, especially in the Eurozone, as the European Central Bank has also entered the final stretch. its first interest rate hike. The yield on the 10-year German […]
Tag: development
Eurozone: The forecasts of international organizations for growth and inflation
The European Commission’s spring forecasts maintained the positive growth sign for the Eurozone this year and 2023, but at a level significantly lower than the winter forecasts of February 10, two weeks before the Russian invasion of Ukraine. Under the baseline scenario, GDP in the region is projected to grow by 2.7% this year and […]
HSBC: Stay away from stocks – When to return and why
Her Eleftherias Kourtali Withdraw from your stock positions and return to the markets later in the year, HSBC advises investors, as the risks have increased. All of HSBC’s key indicators point to a slowdown in growth in the second and third quarters and therefore remain underweight in equities and high-yield corporate bonds, while maintaining the […]
All the latest forecasts for this year’s growth
Of Tasos Dasopoulos With a forecast for growth of 3.1%, the Ministry of Finance appears for the second consecutive year, to appear more pessimistic than institutions inside and outside Greece, which closely monitor the course of the Greek economy. Although everyone has revised their forecasts at the beginning of the year, due to the persistence […]
The escape clause for Greece with a financial ‘cutter’
By Tasos Dasopoulos Competent sources of the Ministry of Foreign Affairs characterize the expected extension of the total escape clause for 2023 as more than a good development, since Greece – and other countries with high debt – will have to follow a tight fiscal policy even for support measures against accuracy. This signal was […]
Commission’s message on tight fiscal policy
By Tasos Dasopoulos Competent sources of the Ministry of Foreign Affairs characterize the expected extension of the total escape clause for 2023 as more than a good development, since Greece – and other countries with high debt – will have to follow a tight fiscal policy even for support measures against accuracy. This signal was […]
Growth of 3.5% for this year and 3.1% for 2023 is forecast by the Commission for Greece
By Tasos Dasopoulos The Commission forecasts growth of 3.5% for this year and 3.1% for 2023 in its spring forecast, confirming that next year the Greek economy will show a primary surplus of 1.3% of GDP, marginally higher than 1.1%. of GDP forecasted by the Ministry of Finance, seeing higher and inflation. In the general […]
EBRD: Sudden shutdown of Russian gas will vaporize post-pandemic recovery
Russia, emerging economies in Europe, Central Asia and North Africa could cut off gas supplies to pre-pandemic levels, eroding recovery from the health crisis, the European Union (EU) has said in a statement. Reconstruction and Development (ABRD). Many countries in the EBRD, which includes about 40 economies, from Mongolia to Slovenia and Tunisia, are dependent […]
ING: The peak of inflation in the second quarter ‘raises’ the bar for growth in Greece
Her Eleftherias Kourtali ING is slightly upgrading its assessment of growth in Greece this year in the context of its new report on the outlook for the global economy, placing it at 2.9% from 2.6% a month ago, while it even sees recession in some quarters this year in eurozone economies with all countries, however, […]
Stability program: Average growth 3.6% – Lower unemployment by 4.5% in 2022-2025
By Tasos Dasopolos An average annual growth of 3.6% and a reduction of unemployment by 4.5% for the period 2022 – 2025 envisages, among other things, the stability and growth program, which was presented today by the Minister of Finance to the cabinet. Based on the presentation of the Minister of Finance Mr. Christos Staikouras […]
