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Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market -
Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates -
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses -
Government tones down fiscal pledges as tighter framework starts to bite -
Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection -
Import price drop slows further to 2.8 pct in Feb
Traditional sectors carry burden of job creation as unemployment levels fall
Having weathered the pandemic over the last two years, Greece’s labour market remains on the recovery path it has been following since July 2013, when monthly unemployment rate peaked at 28 pct and 1.36 million Greeks were out of employment.
ELSTAT released the latest monthly unemployment figure on Wednesday and, for the time in more than a decade, the rate was under 13 pct, landing at 12.8 pct in December. Meanwhile, the number of unemployed fell below the 600,000-threshold.
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