Of Eleftheria Kourtali Two years after the pandemic began, another seismic exogenous shock derailed the global economy, Citigroup said in a report on its global outlook today. As a result of the Russia-Ukraine conflict, Citi economists are revising upwards the short-term inflation forecasts in almost every economy they cover, and at a significant rate. Similarly, […]
Tag: development
Growth is ‘breathing’ in China
The great “People’s Hall” in Beijing hosts for another year the work of the People’s Congress. It is China’s legislature, with 3,000 members called upon to ratify government decisions. It is considered the “largest parliament in the world”, although the deputies have not been elected in free elections. At the beginning of this year’s summit, […]
Chr. Staikouras – A. Georgiadis: The recovery exceeded all initial forecasts
“The Greek economy, in the midst of an unfavorable environment, recovered strongly in 2021, covering almost all of the losses of 2020,” said in a joint statement the Minister of Finance, Christos Staikouras and the Minister of Development and Investment, Adonis Georgiadis after the announcement of ELSTAT that the Greek economy grew by 8.3% last […]
Goldman Sachs: The Impact on the European Economy of SWIFT’s Exclusion of Russia
Her Eleftherias Kourtali The main concern for the EU economy in relation to Russia’s exclusion from SWIFT is the possible retaliation, according to which the Russian government would put pressure on energy exporting companies to reduce their exports to Europe and their production in general. as Goldman Sachs points out in its current analysis. This, […]
UBS: How the war in Ukraine affects GDP and energy prices – Why eurozone stocks remain an attractive story
Her Eleftherias Kourtali The war in Ukraine has raised investor concerns about the economic outlook, with the eurozone’s dependence on Russia for oil and gas being the focus, UBS said in a report today. In its baseline scenario, it does not expect energy supplies to fall, but prices are likely to remain high until tensions […]
Wood: 2% GDP hit and double-digit inflation, the impact of the war in Ukraine on Greece and the rest of Europe
Her Eleftherias Kourtali According to Wood’s baseline scenario, after the outbreak of the war in Ukraine, the GDP of all the countries of the Europe and Middle East region (EMR) will be reduced by 2% compared to previous forecasts, while In a scenario of an oil jump to $ 120 a barrel and rising food […]
How high growth conceives increases in pensions
By Dimitris Katsaganis An increase in the main pensions in 2023 is accompanied by the high rate of GDP growth but also the high inflation this year. This is because from January 1, 2023, the increases in the main pensions that have been calculated based on the Katrougalos and Vroutsis laws are “thawing”. The increase […]
The good and bad news from the budget review
By Tasos Dasopoulos The 2022 budget is being revised, as the situation has changed significantly for the better since November when inflation was drafted, with the exception of inflation. In the revised stability program that is expected to be submitted in April, many of the sizes of the 2022 budget, which was made public last […]
Commission: Strong growth in the middle of a minefield
By Tasos Dasopoulos Greece is expected to have an average growth higher by 1.63% compared to the EU for the three years 2021 – 2023, as it appears from the winter forecasts of the European Commission. According to the forecasts published yesterday by the Commission, Europe at average levels will grow until 2023 with an […]
ING: Greece is now in a new regularity with the launch of investments
Her Eleftherias Kourtali After a very strong recovery with “driver” consumption in 2021, the Greek economy will move to a new normality this year, where investments will have a more visible role, supported by the inflows of funds from the Recovery Fund, as noted by ING in its current analysis. The recovery of the Greek […]
