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Growth of industrial production slows to 2.6 pct YoY in Nov
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Trade deficit narrows by 15.1 pct YoY in Nov
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Economic sentiment rises in Dec despite sharp drop in retail trade
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Households drive Nov deposits rise as total reaches 207 bln
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Credit expansion still solid in Nov as it rises by 7.2 pct YoY
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Unemployment rate falls to 8.2 pct in Nov, lowest since 2008
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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