Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
Travel balance for nine-month period shows surplus of 11.57 bln
Building activity increases by 16.4 pct in October
Budget primary surplus at 1.97 bln in 2017 on strong underspend
Net job hirings balance positive by 15,315 in December
CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
Greek economic contraction during crisis higher at 24.6 pct, revised data shows
The Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than the previous ESA 1995 before, which produced a deeper recession over the past few years.
The revision unveiled a slower recession in 2013 at -3.3 percent (from -3.9 percent) and in 2012 at -6.6 percent (from -7 percent). However, the economic downturn was more severe in the preceding three years, at -8.9 percent in 2011 (from -7.1 percent),...
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