{"id":3188,"date":"2022-07-01T09:19:38","date_gmt":"2022-07-01T09:19:38","guid":{"rendered":"http:\/\/newkepe:8888\/2022\/07\/20\/greek-economic-outlook-issue-48\/"},"modified":"2024-01-16T08:04:57","modified_gmt":"2024-01-16T08:04:57","slug":"greek-economic-outlook-issue-48","status":"publish","type":"post","link":"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/greek-economic-outlook\/greek-economic-outlook-issue-48\/","title":{"rendered":"Issue No 48 &#8211; June 2022"},"content":{"rendered":"<div class=\"itemFullText\">\n<p style=\"font-size: 11.8181819915771px;\"><strong style=\"font-size: 11.8181819915771px;\"><span style=\"font-size: 12pt;\"><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/full-issue_en.pdf\" target=\"_blank\" rel=\"noopener\">FULL ISSUE<\/a><br \/><\/span><\/strong><\/p>\n<p style=\"font-size: 11.8181819915771px;\"><span style=\"font-size: 11.8182px;\">&nbsp;<\/span><\/p>\n<p style=\"font-size: 11.8181819915771px;\"><a style=\"font-size: 11.8181819915771px;\" href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/executive-summary.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\"><strong><span style=\"font-size: 10pt;\">Executive Summary<\/span><\/strong><\/span><\/a><span style=\"font-size: 10pt;\"><br \/><\/span><\/p>\n<p style=\"font-size: 11.8181819915771px;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/p>\n<p style=\"font-size: 11.8181819915771px;\"><span style=\"font-size: 16px;\"><strong>1. Recent (macro-)economic developments<\/strong><\/p>\n<p><\/span><\/p>\n<p><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/the-evolution-of-the-aggregate-demand-components-in-a-period-of-health-and-energy-uncertainty.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\">1.1. The evolution of the aggregate demand components in a period of health and energy uncertainty&nbsp;appearance,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp; <\/em><\/span><strong><span style=\"font-size: 10pt;\"><em>&nbsp;<\/em><\/span><\/strong><span style=\"font-size: 10pt;\"><em>Yannis Panagopoulos, Konstantinos Loizos,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 6-13<\/span><\/em><span style=\"font-size: 10pt;\"><em><\/p>\n<p><\/em><\/span><span style=\"font-size: 10pt;\"><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/higher-energy-prices-due-to-war-intensify-inflationary-pressures.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\">1.2. Higher energy prices due to war intensify inflationary pressures,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp; &nbsp;Emilia Marsellou<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 14-17<\/span><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/factor-model-forecasts-for-the-short-term-prospects-in-gdp.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 12pt;\">1.3. Factor model forecasts for the short-term prospects in GDP,<br \/><\/span><\/span><\/span><\/a><\/p>\n<p><em style=\"font-size: 10pt;\">&nbsp; &nbsp; &nbsp; &nbsp;<em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\"><em>Factor Model Economic Forecasting Unit Ersi Athanassiou, Aristotelis Koutroulis, Emilia Marsellou, Theodore Tsekeris<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\">&nbsp;pages 18-20<\/span><\/em><\/em><\/em><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/development-of-the-greek-current-account-balance-and-its-components.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\">1.4. Development of the Greek Current Account balance and its components,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp; &nbsp;Ioanna Konstantakopoulou<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;Pantelis Argyropoulos, pages 21-25<\/span><\/em><\/span><\/p>\n<p>&nbsp;&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/turmoil-in-the-stock-market-due-to-the-war-in-ukraine-and-its-consequences.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\">1.5.&nbsp;Turmoil in the stock market due to the war in Ukraine and its consequences,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp; &nbsp;Fotini Economou<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 26-30<\/span><\/em><\/span><\/p>\n<p>&nbsp;<span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em>&nbsp;<\/em><\/span><\/span>&nbsp;<span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\">&nbsp;<\/span><\/em><\/em><\/span><\/span>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/international-environment-the-war-adds-instability-and-weakens-global-growth-prospects.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\">1.6.&nbsp;International environment: The war adds instability and weakens global growth prospects,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp; &nbsp;<em style=\"font-size: 13.3333px;\">Aristotelis Koutroulis<\/em><\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 31-33<\/span><\/em><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><em style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\">&nbsp;<\/span><\/em><\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>2. Fiscal developments<\/strong><\/p>\n<p><\/span><\/p>\n<p><span style=\"font-size: 16px;\"><\/span><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/fiscal-developments.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\"><span style=\"font-size: 16px;\">2<\/span>.1. Fiscal developments,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp; &nbsp;Elisavet Nitsi<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 34-42<\/span><\/em><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em>&nbsp;<\/em><\/span><\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>3. Human resources and social policies<\/strong><\/p>\n<p><\/span><\/p>\n<p><span style=\"font-size: 16px;\"><\/span><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/recent-developments-in-key-labour-market-variables.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\"><span style=\"font-size: 16px;\">3<\/span>.1. Recent developments in key labour market variables,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp;&nbsp;<\/em><\/span><strong><span style=\"font-size: 10pt;\"><em>&nbsp;<\/em><\/span><\/strong><span style=\"font-size: 10pt;\"><em>Ioannis Cholezas,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 43-47<\/span><\/em><span style=\"font-size: 10pt;\"><em><br \/><\/em><span style=\"font-size: 12px;\">&nbsp;<\/span><\/span><\/p>\n<p><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/poverty-rate-and-social-transfers-in-the-eu.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\"><span>3<\/span>.2.&nbsp;Poverty rate and social transfers in the EU,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp;&nbsp;<\/em><\/span><strong><span style=\"font-size: 10pt;\"><em>&nbsp;<\/em><\/span><\/strong><span style=\"font-size: 10pt;\"><em>Vlassis Missos,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 48-50<\/span><\/em><span style=\"font-size: 10pt;\"><\/span><\/p>\n<p>&nbsp;&nbsp;&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\"><strong>4. Reforms-Economic development<br \/><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/the-resilience-of-the-greek-agricultural-sector-against-the-pandemic.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\"><span>4<\/span>.1. The resilience of the Greek agricultural sector against the pandemic,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp;&nbsp;<\/em><\/span><strong><span style=\"font-size: 10pt;\"><em>&nbsp;<\/em><\/span><\/strong><span style=\"font-size: 10pt;\"><em>Ioanna Reziti,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 51-56<\/span><\/em><span style=\"font-size: 10pt;\"><em><br \/><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/external-trade-of-agri-food-products.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\">4.2.&nbsp;External trade of agri-food products,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><em>&nbsp; &nbsp; &nbsp;&nbsp;<\/em><\/span><strong><span style=\"font-size: 10pt;\"><em>&nbsp;<\/em><\/span><\/strong><span style=\"font-size: 10pt;\"><em>Athanasios Chymis,<\/em><\/span><em><span style=\"font-size: 10pt;\">&nbsp;pages 57-60<\/span><\/em><\/p>\n<p>&nbsp;&nbsp;<\/p>\n<p><strong><span style=\"font-size: 12pt;\">Special topics<\/span><\/strong><\/p>\n<p><span style=\"font-size: 12pt;\">&nbsp;<\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><\/span><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/the-distributional-impact-of-inflation.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 12pt;\">The distributional impact of inflation,<br \/><\/span><\/a><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em>Nikolaos C. Kanellopoulos<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\">&nbsp;pages 61-80<\/span><\/em><\/em><\/span><\/em><\/span><\/em><\/span><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\">&nbsp;<\/span><\/em><\/em><\/span><\/em><\/span><\/em><\/span><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/export-performance-and-growth-in-the-eurozone-for-the-period-2007-2021.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 12pt;\">Export performance and growth in the Eurozone for the period 2007-2021,<br \/><\/span><\/span><\/span><\/span><\/a><em style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em>Ioanna Konstantakopoulou, Pantelis Argyropoulos<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\">&nbsp;pages 81-101<\/span><\/em><\/em><\/span><\/em><\/span><\/em><\/span><\/span><\/span><\/em><\/em><\/span><\/em><\/span><\/em><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><a href=\"\/images\/oikonomikes_ekselikseis\/issue-48-en\/the-effect-of-income-distribution-and-private-debt-on-aggregate-demand-during-the-period-1980-2019-in-greece.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 12pt;\">The effect of income distribution and private debt on aggregate demand during the period 1980-2019 in Greece<br \/><\/span><\/span><\/span><\/span><\/a><em style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em><span style=\"font-size: 10pt;\"><em>Emilia G. Marsellou<\/em><\/span><span style=\"font-size: 10pt;\"><em>,<\/em><\/span><em style=\"font-size: 13.3333px;\"><span style=\"font-size: 10pt;\">&nbsp;pages 102-115<\/span><\/em><\/em><\/span><\/em><\/span><\/em><\/span><\/span><\/span><\/em><\/em><\/span><\/em><\/span><\/em><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FULL ISSUE &nbsp; Executive Summary &nbsp; 1. Recent (macro-)economic developments 1.1. The evolution of the aggregate demand components in a period of health and energy uncertainty&nbsp;appearance,&nbsp; &nbsp; &nbsp; &nbsp;Yannis Panagopoulos, Konstantinos Loizos,&nbsp;pages 6-13 1.2. Higher energy prices due to war intensify inflationary pressures,&nbsp; &nbsp; &nbsp;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14915,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[],"class_list":["post-3188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-greek-economic-outlook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Issue No 48 - June 2022 - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kepe.gr\/en\/research\/recent-publications\/greek-economic-outlook\/greek-economic-outlook-issue-48\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Issue No 48 - June 2022 - \u039a\u03ad\u03bd\u03c4\u03c1\u03bf \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u0395\u03c1\u03b5\u03c5\u03bd\u03ce\u03bd\" \/>\n<meta property=\"og:description\" content=\"FULL ISSUE &nbsp; Executive Summary &nbsp; 1. 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Executive Summary &nbsp; 1. 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