Gross domestic product
Türkiye’s economy grows 4 percent in first quarter
Turkey's economy expanded more than expected at the start of the year, bolstered by pre-election spending and strong household consumption.
Türkiye's gross domestic product (GDP) grew 4 percent year-on-year in the first quarter, data from the Turkish Statistical Institute (TÜİK) released on May 31 showed.
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Productive standard?
Recently, both the Bank of Greece and a team of economists at Alpha Bank sounded the alarm: The production gap - i.e. the difference between the GDP we produce and what we could produce with full exploitation of the available production tools - reached zero. For the economy to grow, investments are needed. Otherwise, prices will keep rising.
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Strong Q1 for Cyprus’ economy
The Cypriot economy maintained strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking signs of a slowdown against the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to wrestle inflation under control.
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Bulgaria: Inflation Decline and GDP Growth
Annual inflation in Bulgaria for April 2023 compared to April 2022 is 11.6%, reports the NSI.
The quarterly total income on average per household person in the first quarter of 2023 was BGN 2,394 and increased by 19.3% compared to the same quarter of 2022.
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EC report projects Serbia to register 1.9 pct GDP growth in 2023
BRUSSELS - Serbia will see 1.9 pct GDP growth this year and 3 pct growth in 2024, according to the European Commission's Spring 2023 European Economic Forecast, released on Monday.
"Economic growth is projected to slow to 1.9 pct in 2023, mostly on the back of decelerating private consumption growth as still high average inflation dents real disposable income," the report says.
Serbian GDP up by 0.7 pct in Q1 2023
BELGRADE - Serbian PM Ana Brnabic on Monday attended a session of a council set up to coordinate measures and activities aimed at GDP growth.
The council said Serbian Q1 GDP was up by a higher-than-expected 0.7 pct, the Serbian government said in a statement.
Brnabic said industry and agriculture were the sectors to be credited for the GDP growth.
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Debt to drop faster than Italy’s
Greece will have a lower debt as a percentage of its gross domestic product than Italy in 2026, losing this negative lead in this sector for the first time after 15 years, according to the 2023-2026 Stability Programs, which the two countries submitted to the European Commission last week.
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Serbia’s Q1 real GDP up by 0.7 pct
BELGRADE - Serbia's real GDP was up by 0.7 pct y-o-y in Q1 2023, the Serbian national statistical office RZS said in a flash estimate released on Wednesday.
The RZS also said a more detailed GDP calculation for Q1 2023, performed at lower aggregation levels, would be published on May 31.
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For research to bloom
As elections approach and all parties present their vision for Greece, it would be useful if they stated their position on the vital issue of research and development in our country.
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The Credits of Bulgarians are 34 Billion Leva - Mortgages continue to Grow
At the end of March 2023, the deposits of the non-governmental sector in Bulgaria were close to BGN 119 billion (67.3 percent of GDP), and their annual increase was 13.1 percent, reports the Bulgarian National Bank (BNB).
As of February, the growth of this type of savings was 14.3 percent on an annual basis.