Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Citi sees GDP contraction continuing to H2 of next year

The Greek economy shrank 3.4 percent in 2013 and will post a further contraction amounting to 1.9 percent in 2014, US bank Citi estimated ahead of Friday’s issue of the final 2013 gross domestic product data by the Hellenic Statistical Authority (ELSTAT).

In contrast to official estimates for an economic rebound this year, Citi does not expect the economy to start expanding again before the second half of 2015.

Nevertheless the bank’s officials in Greece, who drafted the report, concede that the prospects of the country’s economy have improved, as the latest data on the purchasing managers index (PMI), car sales and the budget’s primary surplus have shown.

The primary surplus lays the groundwork for a new round of negotiations aimed at the lightening the Greek state debt, whose servicing continues to be unsustainable, according to Angelos Kallipolitis, head of research at Citi’s Wealth Management Department.

ekathimerini.com , Tuesday February 11, 2014 (22:37)  
No property transactions for tax evaders
IOBE warns crisis will return if reforms are not implemented
Aegean has expressed an interest in Cyprus Airways
‘Stop tax dodging to lower taxes’
Policeman saves bather in western Greece
A policeman on Wednesday saved a 75-year-old bather who had become stranded some 300 meters out to sea in western Greece. Other bathers at the beach in Vonitsa called police when they spotte...
Gov´t leaders try to ease tensions over evaluation
Prime Minister Antonis Samaras and PASOK chief Evangelos Venizelos are on Thursday expected to discuss a rift that has appeared within the government over an evaluation scheme for civil serv...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the country’s broader neighborhood are creating new challenges as well as threats in terms of the country’s interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. No property transactions for tax evaders
2. IOBE warns crisis will return if reforms are not implemented
3. Aegean has expressed an interest in Cyprus Airways
4. ‘Stop tax dodging to lower taxes’
5. Index up but some banks take a beating
6. Policeman saves bather in western Greece
more news
Today
This Week
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Front-line threats
3. Testing behavior
4. EU praises Greece’s progress in departure from troika criticism
5. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
6. Police release new photos of fugitive Roupa
Today
This Week
1. The cost of excellence
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.