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ATHENS , 2013-05-22 (Xinhua) -- Greece's current account deficit declined by 51 % in the Q1 of 2013 on a yearly basis to 2.3 billion euros (about 2.97 billion U.S. dollars ), the region's central bank said on Wednesday in a positive sign for the ailing economy. The Bank of Greece attributed the drop mainly to the further shrinking of the trade defici...
Data summary: Global outlook Global outlook 2008 a 2009 a 2010 a 2011 a 2012 b 2013 c 2014 c 2015 c 2016 c 2017 c International assumptions ( %) World GDP growth 1.3 -2.3 3.9 2.6 2.1 2.1 2.7 2.9 2.9 2.9 EU27 GDP growth 0.2 -4.3 2.1 1.6 -0.3 -0.4 0.8 1.4 1.5 1.5 Western Europe growth 0.1 -4.2 ...
Greece : region outlook FROM THE ECONOMIST INTELLIGENCE UNIT POLITICAL STABILITY: A general election on May 6th 2012 produced a highly fragmented parliament that was unable to form a government, necessitating a new election, which was held on June 17th 2012. That repeat election was won by the centre-right New Democracy (ND) led by Antonis Samaras , ahead of the left-wing Syriza U...
Data , charts: Quarterly data 2011 2012 2013 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr Central government finance (? bn) Revenue 12.8 13.7 14.2 14.3 12.4 13.0 12.8 13.8 Expenditure 19.0 19.7 18.1 22.0 15.9 13.2 16.5 18.2 Balance -6.2 -6.1 -3.9 -7...
Nearly 2-thirds of Greek youths are unemployed Greek youth unemployment shot to a record 64 % in February, underscoring the dire state of the recession-hit economy despite signs of improving business sentiment. Repeated doses of austerity under international bailouts have almost tripled Greece's jobless rate since its debt crisis began in 2009, weighing on an economy in its sixth ye...
Quarterly forecasts 2012 2013 2014 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr GDP % change, year on year -6.7 -6.4 -6.7 -5.7 -6.1 -6.0 -5.8 -4.1 -3.3 -2.3 -1.7 ...
YOUTH unemployment in Greece rose to a record 64 per cent in February, underlining the dire state of the economy despite signs of improving business sentiment. Repeated austerity measures under international bail?outs have almost tripled the rate since Greece's debt crisis began in 2009, weighing on an economy in its sixth year of recession...
Event The unemployment rate rose to 27 % in February 2013 (seasonally adjusted), from 26.7 % in January 2013 , as reported by data released by the Hellenic Statistical Authority (ELSTAT). This was substantially above the levels recorded in the same month of 2012 (21.9 %), 2011 (15.3 %), 2010 (11.2 %), 2009 (9 %) , 2008 (8 %). Analysis The increase in the unemployment rate in Febru...
Event The unemployment rate rose to 27 % in February 2013 (seasonally adjusted), from 26.7 % in January 2013 , as reported by data released by the Hellenic Statistical Authority (ELSTAT). This was substantially above the levels recorded in the same month of 2012 (21.9 %), 2011 (15.3 %), 2010 (11.2 %), 2009 (9 %) , 2008 (8 %). Analysis The increase in the unemployment rate in Febru...
(130509) -- ATHENS , 2013-05-09 (Xinhua) -- Greece's Development Minister Kostis Hatzidakis (L) , Finance Minister Yannis Stournaras speak to journalists during a press conference in ce...
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