Nikos Magginas

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Nikos Magginas is associated, including consumption and tourism. Most recently, Nikos Magginas has been quoted saying: “The flash readings were above forecasts of around 0.2 percent, showing that the economy did not rely just on tourism but was helped by domestic demand and improved liquidity in the corporate sector amid clearance of arrears.” in the article Greece sees surprise economic growth. An other article where Nikos Magginas has been quoted is Greek economy still struggling despite mild Q2 expansion.

Nikos Magginas quotes

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A further delay in the (review) negotiations ... beyond the first quarter, must be avoided since it could put the 2016 positive momentum at risk.

The flash readings were above forecasts of around 0.2 percent, showing that the economy did not rely just on tourism but was helped by domestic demand and improved liquidity in the corporate sector amid clearance of arrears.

The figures are in line with expectations for a recovery in the second half of the year, unless there is a further slump in private consumption.

Despite the loss of support from tourism in the fourth quarter, the economy's performance confirms its relative resilience which mainly came from domestic demand – investment and private consumption – despite the fiscal drag.

Some economic activity indicators in the second quarter including tourism, consumption and industrial production showed particular resilience which explains the GDP reading.

As expected, the labour market showed a lagging reaction to other positive signs in the economy. The increase in unemployment is also due to a loss of support from tourism which was seen in the previous months.

A protracted period of general price falls would deteriorate the country's debt dynamics.

The first quarter will remain tough amid the deep recession, despite an improvement in the previous two months due to seasonal hirings.

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