Tagged: GDP

Greece’s 2017 ambitious budget to include GDP growth target of 2.7%, 1.75% primary budget surplus

Another round of tax hikes and spending cuts, lumped together, are projected to reach 2.3 billion euros for 2017, according to information released ahead of the submission of the 2017 draft budget, which the leftist Greek government will submit to Parliament early next week. Moreover, the embattled Tsipras government will officially base next year’s budget […]

ELSTAT: GDP drops 1.4% on annual basis in first trimester of 2016

The Greek statistics authority ELSTAT has published its latest provisional figures regarding the country’s gross domestic product in the first quarter of 2016. According to ELSTAT’s seasonally adjust figures, in volume terms, the GDP decreased by 0.5% compared to the 4th quarter of 2015, against the 0.4% decrease that was calculated for first quarter the […]

ELSTAT documents 0.6% rate of recession in Q4 2015

The Greek statistics authority ELSTAT has published its latest flash estimates on the gross domestic product (GDP) for the final quarter of 2015. According to ELSTAT’s figures, the GDP decreased by 0.6% in comparison with the 3 rd quarter of 2015, while it decreased by 1.9% in comparison with the 4th quarter of 2014. Furthermore, […]

Pension reform brings one billion euros worth of new measures

The imminent reform in the Greek pension system will be accompanied by a series of measures that aim to save about 1 billion euros, claims an article in the Naftemporikinewspaper. Specifically, the Greek government must include measures that amount to 0.25% of the GDP for 2015 (about 425 million euros) and 1% of the GDP […]