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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
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Jobs in tourism push May hiring balance upwards
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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
The European Commission continued to revise upwards its estimates for Greek growth in 2021, moving up to 7.1 pct in the autumn forecasts released on Thursday, from 4.3 pct growth seen in the summer forecasts in July.
The Greek economy is seen growing by 5.2 pct in 2022 and 3.6 pct in 2023, thanks to increased public and private investments due to projects rolled out through the RRF resources, that will have a cumulative effect of 3.6 pct of 2019 GDP over the forecas...
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