EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries
Πακέτο κινήτρων 120 εκατ. δολ. στις δύο ελληνικές βιομηχανίες για επενδύσεις στις ΗΠΑ
Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%
As the analysis notes, the long-term trend of household forecasts for their economic situation and unemployment is favorable, reaffirmed by their intentions for significant purchases and savings
Η έκθεση επικεντρώνεται στις πληθωριστικές πιέσεις, τα δημόσια οικονομικά με έμφαση στο δημόσιο χρέος και το εμπορικό έλλειμμα, καθώς και την προσέλκυση επενδύσεων
The analysis warns that higher inflation compared to key trading partners due to excessive wage increases would harm the country's international competitiveness
This projection is based on the understanding that certain factors that hindered growth in the latter part of the preceding year, such as flood-related agricultural losses, abrupt adjustments in housing investments, and postponed public projects, were temporary setbacks
Investments and private consumption are expected to be the key drivers of economic activity in the coming years
«Συνάντηση»
The successive crises widened inequalities in Greek society and hampered retail businesses, particularly smaller ones, leaving them stagnant and with limited growth prospects.
The report notes that consumption growth remained notably reduced despite a robust recovery in 2022, adding however, that it remained one of the main drivers of growth last year
"Greece’s embrace of a populist-led government was relatively short. But the damage was profound. The country I inherited when I was elected prime minister in 2019 was widely seen as the sick man of Europe"
According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union
Notably, self-sufficiency in key commodities like beef, pork, cow's milk, and butter remains notably low, ranging from 20% to 60%, underlining the vulnerability of the supply chain
Demographics, coupled with the brain drain, is a problem for Europe, the former US Treasury Secretary and former Harvard President tells TA NEA
The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%)
Former US treasury secretary Larry Summers was joined in a panel discussion by Jerry Kalogiratos, CEO of Capital Product Partners, and Angeliki Frangou, CEO of Navios Maritime Partners
164 archeological sites and the 188 museums of the country welcomed 15.2 million visitors while from those, 85.9% came during the summer season, with estimated revenues up to 119.9 million euros, while the coming year seems to be even more promising
The Fund, whose mission is to maximize the value of public assets by boosting the profitability of its subsidiaries and enhancing revenue and investments, said its net profits after taxes reached €67 billion, marking a massive 116% increase compared to 2021, the largest since its establishment in 2016
A five-liter can rose, on average, from 58 euros to 65 euros over the same period.
However, supermarkets and department stores saw a decline in EBITDA profits by 9.06% to a 613.3 million euros in 2022 compared to 674.5 million euros in 2021, as this sector had experienced unprecedented profits during the pandemic period of 2020-2021
As to whether a return to lower prices could be on the horizon, Angelousoulis points out that everything depends on what the stores buy in and what they sell
From February 2022 to January 2023 the cost of milk increased from 1.04 to 1.25 euros per liter plus VAT while more consumers turn to the "household basket" to make their milk purchases
Green growth, investments and Greece as an attractive investment destination discussed, along with specter of inflation
He was speaking last week at the annual OT Forum in Athens
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
Διευθύντρια Σύνταξης: Αργυρώ Τσατσούλη
Ιδιοκτησία - Δικαιούχος domain name: ΟΝΕ DIGITAL SERVICES MONOΠΡΟΣΩΠΗ ΑΕ
Νόμιμος Εκπρόσωπος: Ιωάννης Βρέντζος
Έδρα - Γραφεία: Λεωφόρος Συγγρού αρ 340, Καλλιθέα, ΤΚ 17673
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