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New vehicles drive car sales up by 20.7 pct YoY in Sep
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Electricity pushes industrial production down by 2.9 pct YoY in Aug
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Drop in energy costs bring CPI down to 1.8 pct YoY in Sep
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Oil prices contribute to trade deficit falling by 18.8 pct YoY in Aug
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
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Falling property FDI raises questions about housing market after Golden Visa rush
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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