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Building activity slows in April with 4.2% YoY rise
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Business loans drive 7.7% YoY credit growth in June
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Corporate inflows in June push deposits to highest point since April 2010
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VAT and underspend drive budget outperformance in first six months
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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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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