Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
Construction slides again in May with fall of 8.7 pct YoY in building permits
Decline in car sales continues with 14 pct YoY fall during July
Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
Trade deficit falls by 10.3 pct in June
CPI falls by 1.8 pct YoY in July
EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.
Gains in exports markets and new fiscal policy measures that intend to stimulate investment and reduce labour costs are expected to carry on as recovery continues in 2020.
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