Greece Economy Watch

Sunday, September 16, 2007

Construction Activity in Greece

Thursday, September 13, 2007

Consumer Price Index and Inflation

Retail Sales

First off here's the index:

then there is the year on year change. There are definite signs of a slowdown.

Industrial Output

Although the numbers earlier this year look better after the downturn last autumn, the year on year rate of change has obsviouly slowed considerably:

What is Greek Economy Watch?

Greek Economy Watch is a weblog - run by Edward Hugh - which is dedicated to following the day to day progress of the Greek economy as part of the eurozone system. The Weblog arose out of my curiosity concerning how the system operated in connection with the evident demographic patterns which are to be found among the various member states of the zone. The roots of the particular mix of economic problems which some of these economies now seem to be facing, in particular in association with the ending of the construction boom, about what can be done to address these problems, and about what might be learnt from studying the situation as it evolves.

Greek society shares in common with the other Southern European zone members a historically unprecedented combination of structural problems stemming from a very rapid decline in fertility and increase in life expectancy - both of which tend towards a situation of rapid population ageing. One consequence of the fertility decline is that there is often now insufficient insufficient domestic labour supply to meet the growth needs of these societies, needs which are only reinforced by the weight of the pensions liabilities which are now imminently pending. The impact of this has been a considerable migration inflow which has both been fueled by and in turn has fueled a construction boom.

Needless to say none of these problems were ever really contemplated when the present generation of economic textbooks was written. Dealing with this whole problem set has become a most pressing concern, both theoretically and practically.

A great deal more background and information about the theoretical perspective which informs this blog may be found over at the Demography Matters blog.

About

Edward 'the bonobo' is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource". Apart from his participation in A Fistful of Euros, Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net.

Greek Data Updates

Sunday, September 16, 2007

Thursday, September 13, 2007

The Greek Pharmakos

Greece's Groundhog Day Syndrome

Is The Euro Crisis Really Over?

¿Adiós A La Crisis?

Edward Hugh's Facebook Page

Edward Hugh's Webpage

Edward's Japan Book

Blog Home Page

Our Blogs

Edward's Facebook

RSS Feed

Global

Eurozone

Eastern Europe

Asia

Latin America

Demography

Edward's Website

What is Greek Economy Watch?

Eurozone Related Posts

Ageing Related Posts

demography.matters.blog

Wall Street Blips

About

Greek Economic Data

Special Mention

Economics Blogs

Eurozone Statistics Offices

Economics Links

Central Banks Etc

Think Tanks

Site Stats

E-Mail

Blog Archive