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Industrial turnover back in contraction again in Mar, falling by 6 pct YoY -
Central govt debt drops to 405.54 bln in Q1, bonds rise by 3bln -
Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010 -
Primary balance at 3.25 bln in Apr, above target thanks to favourable timing -
EC makes minor adjustment to growth forecast, at 2.2 pct for 2024 -
Import price index up by 1.3 pct YoY in Mar for first rise in 13 months
Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
Following two years during which the pandemic forced the Greek authorities to provide extensive support packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft 2022 budget anticipates the debt-to-GDP ratio resuming a downward path.
The Finance Ministry provided in 2020 and 2021, 11.6 and 15.6 billion euros respectively of support measures with direct fiscal impact. For 2022 the support package is significantly reduced to just 2.9 billion euros.
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