By Tasos Dasopoulos With bond yields now back in 2019, the financial staff is making adjustments to both the lending strategy and the reduction of deficits and debt. Regarding the situation, which wants the 10-year title to trade at a yield close to 2.5% and the 5-year at 1.4%, as much as the returns were […]
Tag: development
How does Athens read the messages of the markets and the IMF
By Tasos Dasopoulos With bond yields now back in 2019, the financial staff is making adjustments to both the lending strategy and the reduction of deficits and debt. Regarding the situation, which wants the 10-year title to trade at a yield close to 2.5% and the 5-year at 1.4%, as much as the returns were […]
IOBE: Forecasts growth of 9 – 9.5% in 2021 and 4.5 – 5% in 2022
LAST UPDATE: 14.59 By Tasos Dasopoulos Strong growth that will reach 9 – 9.5% for 2021 and 4.5% – 5% in 2022 is forecast by IOBE, but expressing concern for maintaining high deficits and increasing government borrowing costs. In its report for the 4th quarter of 2021, IOBE predicts that the economy will cover the […]
Eurozone: Growth of 5.2% in 2021 after the recession
The eurozone economy grew at a rate of 5.2% in 2021, with ECB President Christine Lagarde expecting the economy to reach pre-crisis levels in the current quarter. In the second quarter of 2021, the economy grew at a moderate pace, amid another surge in coronavirus outbreaks. GDP grew 0.3%, slightly lower than expected, following a […]
Quarterly monitoring of the Greek economy
By Tasos Dasopoulos The Ministry of Finance wants to achieve zero deviations from the commitments and the budget figures that have been locked in the negotiations with the institutions, so that the provisional fiscal rules of the Commission set “reasonable” goals. As you know, the discussion on the fiscal rules for 2023, started in the […]
Germany: At 2.7% growth in 2021, after the ‘dive’ 4.6% in 2020
Despite the recovery of the German economy in 2021, the country failed to return to pre-pandemic levels, as shortages of semiconductors hit production in the automotive industry and further coronavirus restrictions slowed the growth of Europe’s largest economy. In particular, Germany’s GDP grew by 2.7% in 2021, after a “dip” of 4.6% recorded in the […]
The 13th assessment for the economy is developing positively
By Tasos Dasopoulos Positively, in every respect, the 13th evaluation has started in a regime of enhanced supervision with the representatives of the institutions admitting that at the end of 2022 Greece will have managed to enter a stable growth trajectory. Specifically, from the data presented by the staff of YPOIK, the representatives of the […]
Favorable forecasts for this year’s deficit
By Tasos Dasopoulos The first measures of fiscal adjustment that must be made in 2022, in order to have a smooth landing of the economy in the fiscal rules in 2023, will be made from this year through the highest growth. The primary deficit reached 7.9% of GDP in 2020 due to the pandemic. This […]
Bank of Greece: Exact energy can trigger interest rate hikes and slow growth
LAST UPDATE: 13:30 By Leonidas Stergiou The auspicious forecasts for the Greek economy and the banking system are reflected in the Interim Monetary Policy Report of the Bank of Greece, both for 2021 and for the coming years. However, it points to risks that could reverse the positive scenario with a higher inflation rate: “This […]
What does the growth review bring close to 8% of GDP
By Tasos Dasopoulos Another major revision of the growth rate for 2021 is now considered a given, from 6.9% to 8% and maybe a little more, since this is suggested by the official data of ELSTAT and now the finance ministers also admit it. This new growth review will be the fourth in a row […]
