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Hiring balance turns negative in Sep on as tourism season winds down
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Manufacturing grows in Oct amid persistent export challenges and higher input costs
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Retail sales grow strongly in Aug with 5.3 pct YoY rise
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Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
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Economic sentiment picks up in Oct, consumer confidence sliding again
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Unemployment unchanged at 8.2 pct in Sep
PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
Greece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock of the state of the economy and the impact the pandemic, as well as the lockdown measures had on economic activity between April and June.
The PBO notes that the annual drop of 15.2 pct that ELSTAT announced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined with the small recession of the first quarter, this signals that the impact on the economy is sh...
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