Arab Today, arab today greece gdp to contract more than 65
Last Updated : GMT 03:34:13
Arab Today, arab today
Arab Today, arab today

Greece, GDP to contract more than 6.5%

Arab Today, arab today

Arab Today, arab today Greece, GDP to contract more than 6.5%

Athens - ANSA

Following the recent release of revised data by the Hellenic Statistical Authority (ELSTAT), the government has been forced to revise upward its 6.5% estimate for the 2012 economic contraction seen in the 2013 draft budget, daily Kathimerini reports. Deputy Finance Minister Christos Staikouras told Parliament on Wednesday recession would likely exceed 6.5% and that the general government deficit will amount to 6.6% of gross domestic product, or 13.3 billion euros, down from 9% in 2011. The primary deficit in the first nine months of the year amounted to 2 billion euros against 6.1 billion in the same period last year. The net deficit of the central administration (including interest payment) amounted to 6.6 billion euros, down from 19.2 billion in 2011. This is due to the severe reduction in expenditure, according to Bank of Greece data, by about 12.5 billion euros, but this is not representative of the state\'s real spending obligations given that it owed some 8 billion euros to third parties at the end of July. Revenues, on the other hand, went down in the year to end-September by 1.3 billion euros compared with the first nine months of 2011. The good news comes from the exports front, as ELSTAT figures showed on Wednesday that they showed a significant rebound in August that offsets most of the decline in July and leads to a level that is higher than expected for the whole of 2012. ELSTAT estimates put the total value of exports in August (not including oil products) at just under 1.24 billion euros, against 1.12 billion euros in August 2011, which constitutes an increase of 9.8% year-on-year. The rebound is attributed to a great extent to the relative recovery of trust in Greek enterprises after the formation of the coalition government. Exports expanded particularly to third countries (outside the European Union), by 11.7%, while stopping their four-month decline regarding EU exports with a 8.8% increase. Imports posted a 7.2% yearly decline. The Panhellenic Exporters Association put the increase in August exports down to the exceptional performance of agricultural products, which rose by 25.2%, mostly in the form of fresh fruit, vegetables and olive oil.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece gdp to contract more than 65 Arab Today, arab today greece gdp to contract more than 65

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday