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 […]
Tag: Greek Economy
SYRIZA: Accuracy and in-depth strategy of ‘reminder’ that the ND bankrupted the country
By Niki Zorba Based on SYRIZA’s firm belief that the elections will take place in early autumn, in September, to be precise, Koumoundourou is trying to reverse the qualitative findings in the polls, which clearly show that the Prime Minister and the ruling party maintain a strong lead in the elections. who do you trust […]
SYRIZA: Accuracy and in-depth strategy of ‘reminder’ that ND bankrupted the country
By Niki Zorba Based on SYRIZA’s firm belief that the elections will take place in early autumn, in September, to be precise, Koumoundourou is trying to reverse the qualitative findings in the polls, which clearly show that the Prime Minister and the ruling party maintain a strong lead in the elections. who do you trust […]
The new risks to the economy
Of Tasos Dasopoulos There are multiple risks for Greece, the developments that will determine the prices of fuel and food, but also the change of monetary policy by the ECB, during the summer. Attempts to de-escalate oil prices through US pressure on Saudi Arabia and other OPEC members to increase production have had little success. […]
The five challenges for the Greek economy
By Tasos Dasopoulos In a “vise” that forms, on the one hand, the need to support households and businesses and, on the other hand, Greece not to deviate from its fiscal targets this year, is the financial staff watching the international environment is deteriorating rapidly. The recent decisions taken by both the European Commission and […]
The slide of the euro is a problem for the economy
By Tasos Dasopoulos The slide of the euro close to the 1: 1 exchange rate with the dollar, the trade deficit is growing faster and consequently the current account deficit, at a time when the international prices of -imported-fossil fuels are on a steady upward trajectory . The data of the Bank of Greece show […]
EBRD: Greek economy recovers 8.3% in 2021 – Forecasts growth of 2.9% in 2022 and 3.5% in 2023
The Greek economy recovered sharply in 2021, with GDP growing by 8.3% thanks to increased investment and consumption and the partial recovery of the tourism sector, according to a report by the European Bank for Reconstruction and Development (EBRD). According to the EBRD, tourist arrivals doubled in 2021 compared to 2020, although they were still […]
The conditions for the success of the stability program
By Tasos Dasopoulos Growth that will remain above 3.5% on average annual levels from 2022 to 2025, a significant decline in inflation from 5.6% this year to 1.6% in 2023, and a steady return to primary surpluses from next year . These are three of the main goals of the new Stability and Growth Program […]
Because the economy can withstand multiple crises
By Tasos Dasopoulos Despite the successive coronavirus crises in the two years 2020-2021 and the high inflation in food and fuel from the end of last year until today, the Greek economy appears more resilient than other larger EU economies. This, based on the forecasts announced recently by international organizations, institutions and rating agencies that […]
What do the houses see and upgrade the debt of Greece
Of Tasos Dasopoulos The impressive economic recovery after the 9% recession in 2020 was the main reason why Greece received two credit upgrades since the beginning of the year, despite the new crisis of high inflation and the war in Ukraine. Greece had the fourth highest recession in the Eurozone in 2020, due to the […]
