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RRF promise fades as growth outlook weakens
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Trade deficit drops sharply in Oct, down 6 pct in 10M
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
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Quarterly unemployment eases to 8.2 pct in Q3, lowest since end-2008
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OECD sees sustained growth of 2.2 pct in 2026, challenges persisting
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Unemployment stable at 8.6 pct in Oct
Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
The country’s fiscal commitment was defined at the end of the third programme in 2018 and was incorporated into the Greek debt sustainability analysis (DSA) that was carried out by the European Commission soon afterwards.
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