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Credit expansion grows by 4.5 pct in Mar, driven by corporations
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Deposits reverse contraction in Mar with 1.67 bln growth
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Building permits start year strongly with 15.1 pct rise in Jan
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March hirings balance hits new high, boosted by seasonal jobs in catering and accommodation
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Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach
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Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
In its spring forecasts, published on Monday, the European Commission incorporated the impact of the conflict in Ukraine on the growth outlook for the eurozone, with the Greek growth rate for this year now revised down to 3.5 pct, from the 4.9 pct included in the winter forecast published in February.
Although the inflationary pressures will weigh on real disposable income for households, the full recovery of tourism will offset this impact, leading to more subdued but solid growth in 2022.
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