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Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism
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Manufacturing continues to expand in April, firms remain optimistic
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Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
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As base effect wears off, producer prices fall by just 0.1 pct in Mar
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Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb
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Corporate taxation, underspend lead to 3 bln primary surplus in March
EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
The European Commission upped its outlook on Greece for this year in its latest forecast published on Monday. It now expects the Greek economy to grow by 2.4 pct in 2023, from 1.2 seen in the previous estimate in February.
Although growth is seen slowing significantly from the 5.9 pct recorded last year, this year’s performance will be supported by both domestic and external demand.
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