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Manufacturing drives industrial turnover decline of 4.6 pct YoY in Feb
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Hiring balance stays negative in Jan as new hires drop YoY
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Car sales rise strongly in March, up 6.4 pct YoY in Q1
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Underspend and rising tax revenues push primary surplus to 4.39 bln by March
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IMF sees war having moderate impact on economy, while fiscal outlook remains solid
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Iran war fallout impacts Mar prices as energy drives 3.9 pct YoY CPI rise
PBO sees 2024 growth of 2.5 pct hinging on RRF and investments
The Parliamentary Budget Office (PBO) published on Monday its latest quarterly report in which it is broadly positive about the prospects of the Greek economy in 2024, though it does flag up concerns about the effects of persistent inflation, the implications of the latest minimum wage rise and the critical role of the RRF for growth forecasts to materialise.
The PBO states that last year’s growth of 2 pct captures the last couple of quarters of slowdown in economic activity, notably the underperforming fixed investments outcome, which fell by 5.7 pct year-on-year (YoY) in Q4, leading to a moderate rise in c...
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