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.
Greece’s employment balance made a remarkable recovery in April after two subdued, pandemic-impacted years as 124,365 more hirings than departures were recorded, according to data from the Labour Ministry’s Ergani information system.
The budget primary balance for the first four months of 2022 came to a deficit of 811 million euros, compared to a deficit of 6.2 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Greece’s import price index accelerated further in March, posting another solid rise of 34.6 percent year-on-year (YoY), from 27.2 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Road motor vehicles going into circulation for the first time increased by 1.9 percent year-on-year (YoY) in April, slowing down from the growth of 7.6 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Piraeus Bank posted a net profit of 520 million euros in the first quarter (Q1) of 2022, from losses of 404 million euros last year, due to 829 million euros in clean-up impairments.
Greece’s Industrial Production Index (IPI) continued its recovery in March, rising by 7.9 percent year-on-year (YoY), from 4.8 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Greece’s Consumer Price Index (CPI) continued its record-breaking rise in April, increasing by 10.2 percent year-on-year (YoY), after rising by 8.9 percent in March, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
The rise in Greece’s trade deficit slowed in March, when it increased by 13.4 percent year-on-year (YoY), after surging by more than 170 pct in February, according to data released by ELSTAT on Friday.
The Greek authorities submitted to Brussels last week the Stability Programme for the 2022-2025 period, in which the impact of the cost-of-living crisis and the fallout from the conflict in Ukraine are reflected.