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Producer prices soar by 43 pct YoY on April, but see first monthly drop since Aug 2021
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Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
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Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
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High energy prices fuel uncertainty on fiscal front
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
OECD lowers 2022 growth forecast to 2.8 pct as challenges mount
The OECD revised down its growth forecasts for Greece for 2022 amidst surging global inflation, heightened uncertainty, and tighter monetary policy conditions.
Greece is now seen growing by 2.8 pct this year and 2.5 pct in 2023, compared to 4.8 pct and 2.9 pct in the previous forecast last December. That said, the estimate for last year was a much more modest 6.7 pct, from the 8.3 pct that eventually materiali...
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