Economy
Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
Greece’s trade deficit dropped by 9 percent year-on-year (YoY) at the close of 2024, after a rise of 18.7 percent in November, according to data released by ELSTAT on Friday.
Hiring balance turns negative in Dec, 2024 balance down by 46,300 jobs
Greece’s employment balance ended 2024 with a negative balance, as there were 14,218 more departures than hires in December, according to data from the Labour Ministry’s Ergani information system.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF's Article IV consultation notes progress, reiterates low long-term growth outlook
The IMF published on Friday the staff statement following the conclusion of the mission in the context of Article IV consultations, noting the progress that Greece has achieved in recent years on the fiscal and debt fronts.
Several obstacles on narrow fiscal path to new tax cuts
The Greek government finds itself under severe pressure following mass protests across the country in relation to the Tempe crash nearly two years ago.
Despite slight moderation of PMI in Jan, manufacturing sentiment improves
Greece’s Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points, from 53.2 points in December, according to S&P Global data released on Monday
Nov sees rise of 2 pct YoY in retail sales, up 2.7 pct MoM
Greece’s retail sales resumed growth in November with a rise of 2 percent year-on-year (YoY), after a drop of 0.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Producer prices drop 0.8 pct YoY in Dec, down 2.2 pct in 2024
Greece’s Producer Price Index (PPI) remained in contraction in December, although it moderated further to 0.8 percent year-on-year (YoY), after a decline of 1.2 percent in November, ELSTAT data showed on Thursday.
Sentiment and consumer confidence start 2025 with improvements
Greece’s economic sentiment (ESI) started the year with a solid improvement, rising to 108.6 points, from 106.4 in the previous month, according to European Commission figures released on Thursday.
Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Loans to corporations drive credit expansion of 8.9 pct YoY in Dec
The credit expansion in the Greek private sector remained strong in December, rising by 8.9 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed.