Foundation for Economic & Industrial Research

Harmonized inflation in Greece "fell" to 9.8% in October, according to Eurostat data. At the same time, the consumer price index in the eurozone increased by 10.7%, setting a new record.

The economic climate index remained at the level of the previous month in February, at 114.0 points (from 114.2), close to the historical maximum level of the last 21 years, according to the Foundation for Economic & Industrial Research - IOBE.

Reduction of business expectations in the industry, to 105.3 units in June from 110 units in May, is shown by the monthly bulletin for the industry published by the Foundation for Economic & Industrial Research (IOBE)

Greek Development and Investments Minister Adonis Georgiadis was the keynote speaker at a virtual Foundation for Economic & Industrial Research (IOBE) on Thursday entitled "Industrial Policy and the New Economy", where he repeated that the current government is pre-eminently "pro-business".

The forecasts of the government's financial staff for the growth rate that the Greek economy will achieve this year are returning back to 4.8%.

Contributing to the change in estimates are the facts that investment rose by more than 8% in the first quarter of the year, exports of goods also rose by more than 8%, and the recession in the first quarter to 2.3%.

Business expectations in Greek industry improved in July as a result of a debt relief package agreed by eurozone member-states in June and government commitments that the country will continue to implement prudent fiscal policies after formally exiting the bailout programs on August 20, the country's most influential think tank, IOBE, said.

Economic sentiment in October rose substantially from the previous month, according to the Foundation for Economic & Industrial Research (IOBE).

IOBE’s economic climate index, which combines consumer confidence with sub-indexes of business expectations in industry, construction, retail trade and services, came in at 102.2 points.

Economic sentiment in July fell slightly from the previous month, according to the Foundation for Economic & Industrial Research (IOBE).

IOBE’s economic climate index, which combines consumer confidence with sub-indexes of business expectations in industry, construction, retail trade and services, came in at 102.3 points.