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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
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Jobs in tourism push May hiring balance upwards
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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
The Bank of Greece published its latest monetary policy report, which re-affirms the growth outlook for this year, the challenges that lie ahead for the new Greek government as well as an array of policy recommendations.Â
BoG says that the economy will grow by 2.3 pct this year, which is more moderate than the 6 pct noted last year, as the downturn in the eurozone is reflected and domestic private demand growth is seen normalizing.
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