Economic sentiment stable in Nov, consumer confidence slides further
Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
Aug sees second annual drop in building activity with 4 pct decline
Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
Despite slowdown, property prices jump by 11.9 pct YoY in Q3
EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
The European Commission upped its outlook on Greece for this year in its latest forecast published on Monday. It now expects the Greek economy to grow by 2.4 pct in 2023, from 1.2 seen in the previous estimate in February.
Although growth is seen slowing significantly from the 5.9 pct recorded last year, this year’s performance will be supported by both domestic and external demand.
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