Athens, Syntagma square. Photo: Visit Greece / Y. Skoulas Greece’s leading think-tank the Foundation of Economic and Industrial Research (IOBE) revised downward this week Greek government forecasts for a 4.8 percent rebound in 2021 lowering the projection to a 4-4.3 percent rate in its baseline scenario. The forecast, presented in the IOBE’s quarterly report, is […]
Syntagma Square, Athens © Maria Theofanopoulou Greek consumer confidence appears to have picked up slightly in December after five months of continuous decline due to Covid-19 lockdown restrictions, according to the Foundation of Economic and Industrial Research (IOBE). More specifically, according to the influential think tank’s latest bulletin, the economic climate
Athens, Syntagma square. Photo: Visit Greece / H. Kakarouhas The economic climate in Greece appears to have improved in October, according to the European Commission’s (EC) monthly analysis, which also reports a slowdown in eurozone recovery. More specifically, the country’s Economic Sentiment Indicator (ESI) increased in October to 92.3 points from 89.5 in September. The
The Greek economy is expected to shrink by 8.0 percent this year due to the Covid-19 shock and by 10 percent if a new lockdown is imposed, putting hundreds of jobs at risk once relief measures are stopped, the Foundation of Economic and Industrial Research (IOBE) said recently. The country’s top think tank said on […]
Travel restrictions and border shutdowns imposed in response to the coronavirus (Covid-19) pandemic led to a 56 percent year-on-year drop in tourist arrivals between January and May, according to the UNWTO World Tourism Barometer released on Tuesday. “The enormous toll of COVID-19 on international tourism has now become clear, with UNWTO data showing the cost […]
Covid-19 is expected to lead to a 20 percent reduction in Greece’s tourism revenue this year compared to 18-19 billion euros in 2019, according to Nikos Vettas, head of the country’s leading think-tank, the Foundation of Economic and Industrial Research (IOBE). Addressing the “Post-Pandemic Recovery of Black Sea Economies” webinar organized last week by the […]
Athens, Greece The economic climate in Greece dropped in June to 87.6 points from 88.5 points in May, according to a study released by the country’s leading think-tank, the Foundation of Economic and Industrial Research (IOBE). According to IOBE, expectations in industry and services decreased slightly in June, while construction and retail trade showed signs […]