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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
BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
Ahead of the general meeting of its shareholders, the Bank of Greece released on Monday the annual governor’s report for 2023 in which it sees progress on several fronts, notably securing the investment grade for GGBs. However, it notes there are risks on the downside with the central bank making a number of policy recommendations to address in some cases long-standing challenges for the Greek economy.
The report sees the Greek economy growing by 2.3 pct in 2024, on the back of private consumption and investments, while the trade balance will offset gains as higher investment activity will lead to higher imports. Despite the global uncertainty, touris...
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