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Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism -
Manufacturing continues to expand in April, firms remain optimistic -
Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy -
As base effect wears off, producer prices fall by just 0.1 pct in Mar -
Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb -
Corporate taxation, underspend lead to 3 bln primary surplus in March
PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
Greece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock of the state of the economy and the impact the pandemic, as well as the lockdown measures had on economic activity between April and June.
The PBO notes that the annual drop of 15.2 pct that ELSTAT announced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined with the small recession of the first quarter, this signals that the impact on the economy is sh...
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