Issue No 53 – February 2024


Executive Summary


1. Recent (macro-)economic developments

 1.1. Evolution of the main components of demand in the first nine months of 2023,
       Yannis Panagopoulos, Konstantinos Loizos, pages 5-13

 1.2. Food, Hotels-Cafés-Restaurants and Health shape January 2024 inflation despite falling electricity and natural gas prices,
       Emilia Marsellou, pages 14-18

 1.3. Factor model forecasts for the short-term prospects in GDP,
       Factor Model Economic Forecasting Unit Ersi Athanassiou, Aristotelis Koutroulis, Emilia Marsellou, Theodore Tsekeris, pages 19-21

 1.4. Return to investment grade and high returns for the Greek stock market in 2023,
       Fotini Economou, pages 22-27

 1.5. Recent developments and prospects of the global economic activity: slowdown of global economic growth amid heightened geopolitical uncertainty,
       Aristotelis Koutroulis, pages 28-32

2. Fiscal developments

 2.1. State Budget, public debt and fiscal figures perspectives,
       Elisavet Nitsi, pages 33-41

3. Human resources and social policies

 3.1. Recent developments in key labour market variables,
       Ioannis Cholezas, pages 42-46

 3.2. Social protection expenditure in 2008 and 2021,
       Vlassis Missos, pages 47-49

4. Reforms-Economic development

 4.1. Recent developments in the digital transition of the Greek economy,
       Athanasios Chymis, pages 50-53


Special topics

From Basel I to Basel III in the banking system: A brief theoretical presentation,
Yannis Panagopoulos, pages 54-75