Of Eleftheria Kourtali HSBC reduces its estimate for the growth of Greece this year to 4% from 4.5% before and to 6.5% increases its estimate for inflation, from 2.4% before, due to the effects of inflation and energy shock in the economy, in the context of the wider deterioration of growth forecasts in all the […]
Tag: development
IMF for Greece: Sees 3.5% growth this year despite the war
By Tasos Dasopoulos The IMF raises serious objections to the permanence of the announced tax cuts, while proposing, among other things, a freeze on public salaries and pensions and prudence in raising the minimum wage, in its report on the Greek economy based on Article IV. The main conclusions of the report emphasize that the […]
The budget is being rewritten due to the crisis
By Tasos Dasopoulos The 2022 budget that will be submitted at the end of April in Brussels by the Ministry of Finance through the revised Stability and Development Program (PSA) 2022 -2025 will be completely changed. But before the completion of the new stability program, YPOIK will make the first move next week, expanding the […]
UniCredit: Upgrades its assessment of Greece’s growth this year despite inflation shock
Her Eleftherias Kourtali UniCredit expects strong growth of 4.3% in Greece this year, from 3.9% previously forecast, while for 2023 it places it at 3.5%. Thus, it is the first house that has proceeded to upgrade its estimates for the course of Greek GDP since the outbreak of war in Ukraine. However, as he points […]
Positive growth for 2022 even in the most extreme scenario
By Tasos Dasopoulos A slowdown, but not a recession, is the common denominator of all three economic scenarios prepared by the Ministry of Finance since the first days of the war in Ukraine, with the aim of having ready support measures in any case that will prevent the worst. A second common assumption of all […]
Oxford Economics: Implications for Greece of Russian Invasion of Ukraine – Lower Growth, Persistently High Inflation
Her Eleftherias Kourtali Oxford Economics downgraded its growth estimates for Greece to 3% from 3.3% a year earlier, as its prospects have deteriorated due to the Russian invasion of Ukraine. At the same time, it estimates that in 2023 the growth will be particularly strong, at 5.4%, while due to the now aggressive stance of […]
Oxford Economics: The consequences for Greece of the Russian invasion of Ukraine
Her Eleftherias Kourtali Oxford Economics downgraded its growth estimates for Greece to 3% from 3.3% a year earlier, as its prospects have deteriorated due to the Russian invasion of Ukraine. At the same time, it estimates that in 2023 the growth will be particularly strong, at 5.4%, while due to the now aggressive stance of […]
What will inflation cost to GDP – The causes
By Tasos Dasopoulos “War scenarios” for GDP amid high uncertainty created by the mixture of high inflation and the given intention for a change in monetary policy by the ECB, the Ministry of Finance has been trying to compose lately. The main reason is to adjust its policy in a timely manner within the narrow […]
OECD: The war in Ukraine will reduce global growth by more than one percentage point
The war in Ukraine will reduce global growth by more than one percentage point this year and increase global inflation by 2.5 percentage points, the Organization for Economic Co-operation and Development (OECD) estimates in a report released today, calling on governments react with targeted measures to increase spending. Well-targeted increases in public spending by OECD […]
Germany: IfW Institute halves growth forecast
The Kiel Institute for World Economy (IfW) has cut its growth forecast for Germany by 2022 due to the war in Ukraine and now estimates that the country’s GDP will grow by only 2.1%, compared with 4 % originally predicted. Inflation, according to the same estimates, will be around 5.8%, the highest level since German […]
