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Trade deficit records rare drop of 10.6 pct in Dec, widens by 50.7 pct for full year
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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
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Unemployment steady at 11.6 pct in Dec, employed rise by almost 80,000 YoY
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Manufacturing remains in contraction at start of 2023, but at slowest rate since Oct
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Retail sales rise by 12.3 pct YoY in Nov, but volumes barely move
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Close of 2022 sees softer labour market, with 60,235 fewer jobs
Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
The Greek authorities submitted to Brussels last week the updated Stability Programme for the 2022-2025 period, in which the impact of the cost-of-living crisis and the fallout from the conflict in Ukraine are reflected.
Real GDP growth is now revised down to 3.1 pct for this year, from the 4.5 pct growth estimate in the final budget for 2022. Harmonized inflation is also significantly revised to 5.6 pct for this year, before getting contained to 1.6 pct in 2023.
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