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Government’s growth ambitions meet RRF reality
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Disposable income rises in Q2, saving rate stays negative at -3 pct
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Wages index growth slows to 7.4 pct YoY in Q3
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Import prices contract again in Oct with 2.4 pct drop
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Subdued passenger car sales lead to overall drop of 1.6 pct in Nov
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Electricity propels 6.4 pct YoY jump in Oct industrial production
Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
In its spring forecasts, published on Monday, the European Commission incorporated the impact of the conflict in Ukraine on the growth outlook for the eurozone, with the Greek growth rate for this year now revised down to 3.5 pct, from the 4.9 pct included in the winter forecast published in February.
Although the inflationary pressures will weigh on real disposable income for households, the full recovery of tourism will offset this impact, leading to more subdued but solid growth in 2022.
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