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Photo by Panayiotis Tzamaros/Fosphotos Primary cash balance deficit at 8.23 bln in May

Greece’s central government recorded a primary cash balance deficit of 8.23 billion euros in the first five months of the year, according to figures released by the Bank of Greece.

Photo by MacroPolis PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks

Following the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth of 2.7 pct, to the positive range of growth of 3.6 to 4.8 pct in 2021.

Photo by Panayotis Tzamaros/Fosphotos Wages index up by 5.8 pct YoY in Q1 2021, rises by 1 pct QoQ

Greece’s seasonally adjusted (SA) Wages Index increased 5.8 percent year-on-year (YoY) in the first quarter (Q1) of 2021, following a rise of 4.5 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday.

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