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PBO sees 2024 growth of 2.5 pct hinging on RRF and investments

The Parliamentary Budget Office (PBO) published on Monday its latest quarterly report in which it is broadly positive about the prospects of the Greek economy in 2024, though it does flag up concerns about the effects of persistent inflation, the implications of the latest minimum wage rise and the critical role of the RRF for growth forecasts to materialise.

Photo by Panayotis Tzamaros/Fosphotos Unemployment increases MoM in Feb, rising to 11 pct

Greece’s seasonally adjusted (SA) unemployment rate moved further away from the 10 percent threshold in February, landing at 11 percent, from 10.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.

Image: MacroPolis Small gains for building activity in Dec, up 7.1 pct in full 2023

Building permits only rose marginally in December, up by 0.6 percent year-on-year (YoY), after dropping by 1.2 percent year-on-year (YoY) in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.

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