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Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
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Credit growth slows in Feb, loans balance stable at 113.35 bln
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Feb sees back-to-back drops in deposits, landing 6 bln off recent high
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Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes
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Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
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Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
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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