Economic growth
Vucic: Series production of new Fiat Panda in Kragujevac to begin in third week of January
BELGRADE - Serbian President Aleksandar Vucic announced on Tuesday series production of a new Fiat Panda model in Kragujevac, central Serbia, was due to begin in the third week of January, and noted that it would be a drastic boost to GDP growth.
Korkidis on the economic assessment of 2024: The data confirms the reliability of our economy
“The data confirms the reliability of our economy,” stated Vassilis Korkidis, President of the Piraeus Chamber of Commerce and Industry, commenting on the figures regarding the economic assessment of 2024.
Mr. Korkidis elaborated:
BoE: Growth of 2.3% in 2024 and further acceleration to 2.5% in 2025
The Interim Report of the Bank of Greece on Monetary Policy 2024 was submitted today to the Speaker of the Greek Parliament and the Council of Ministers.
Cyprus GDP growth revised upwards
The Central Bank of Cyprus announced on Thursday an upward revision of its GDP growth forecast for 2024, increasing it by 0.2 percentage points to 3.7%.
The positive adjustment is attributed to stronger domestic demand, with private consumption playing a key role, bolstered by the ongoing resilience of the Cypriot economy.
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OECD forecasts Turkish GDP growth at 3.5 percent this year
Türkiye's economic growth will ease to 3.5 percent in 2024 and 2.6 percent in 2025 as necessary macroeconomic stabilization policies will slow domestic demand, the Organization for Economic Cooperation and Development (OECD) said in its Economic Outlook report published on Dec. 4.
Greek labor productivity remains low
The annual report of the Productivity Council of the Center for Economic Planning and Reserach (KEPE) recorded a slight improvement in the country's productivity indicators in 2023, but they remain at approximately half of the European average.
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Issues of productivity and demographics hamper European economy
The global economy has been suffering from uneven growth in recent years, yet it is extremely striking how weak Europe remains relative to the US, China and other Asian economies.
Announcements by Mitsotakis – Theodorikakos on new investments (update)
A package of actions with a three-year implementation horizon that will attempt to put industry – and manufacturing in general -, research and innovation at the top of the agenda and will also serve as a critical bridge after the Recovery Fund expires, is being presented by the Prime Minister at a special event Kyriakos Mitsotakis and Development Minister Takis Theodori
Synolakis describes how Daron Acemoglu reacted when he learned that he had won the Nobel Prize for Economics: “He went on as if nothing happened”
At the Economist conference in Athens, renowned economist and Nobel Prize winner Daron Acemoglu received the thrilling news of his Nobel win. As shared by Professor Kostas Synolakis, a prominent academic in the field of Natural Disasters, Acemoglu found out about his prize during the conference and handled the moment with remarkable humility.
Synolakis described the event in detail:
Nobel Prize in Economics Awarded for Groundbreaking Research on Institutions and Prosperity
The Royal Swedish Academy of Sciences awarded the 2024 Nobel Prize in Economic Sciences, also known as the Sveriges Riksbank Prize, to Daron Acemoglu, Simon Johnson, and James A. Robinson for their work on the impact of institutions on a country's economic prosperity.