BoG revises growth forecast down to 3.2 pct amid growing uncertainty
Credit growth accelerates to 3.2 pct in May, led by loans to businesses
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
PBO urges continued fiscal discipline amid growing instability
In its latest report covering the first quarter of 2022, the Parliamentary Budget Office (PBO) sees mixed signals for the Greek economy and expects international factors to play a key role in developments in the near term.
On the positive side, Greece recorded solid growth of 7 pct in the first quarter, well above the 5.4 pct euro average, while conditions in the labour market improved notably, with employment rising by close to 11 pct and the rate dropping to 12.5 pct, f...
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