Wed. Oct 9th, 2024

TRADE & COMMERCE

LATEST NEWS

EU Commission issues €8bn in its 1st syndicated transaction of 2024

Investor demand for the transaction was exceptional, with bids totalling €81 billion on the 7-year bond and €99 billion on the 30-year bond. This equals oversubscription rates of approximately 27 times and 20 times, respectively. In 2024, the Commission is continuing to execute its funding operations using its unified funding approach. Under this approach, funding for different borrowing programmes is financed through the issuance of single branded “EU-Bonds” rather than

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IMF: Greece – selected issues

The Greek government has provided substantial support to households and enterprises to cope with the high cost of living in 2022—2023. This paper leverages on the rich micro-level data on household consumption in Household Budget Survey to study the distributional impact of price increases. It finds that low-income households and households living in sparsely populated areas and/or relying more on secondary source of income (e.g., non-wage income) have faced higher

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Greece: IMF Executive Board concludes 2023 Article IV Consultation 

Greece’s economic outlook has improved notably. After a strong post-pandemic recovery, economic activity remained robust with real GDP growth projected at 2.3 percent in 2023 and 2.1 percent in 2024. Private consumption will be supported by positive real wage growth while investment will continue to expand with the implementation of the National Recovery and Resilience Plan supported by Next Generation EU funds. Headline inflation is forecast to reach 2 percent

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Finland: IMF Staff Concluding Statement of the 2023 Article IV Mission

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as

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