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Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
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Hiring balance improves by more than 18,000 jobs up to Aug
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Current account deficit improves significantly, reaching 6.62 bln up to Aug
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
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IMF's latest macro and fiscal estimates reflect economic stability
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Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
Ahead of the general meeting of its shareholders, the Bank of Greece released on Monday the annual governor’s report for 2023 in which it sees progress on several fronts, notably securing the investment grade for GGBs. However, it notes there are risks on the downside with the central bank making a number of policy recommendations to address in some cases long-standing challenges for the Greek economy.
The report sees the Greek economy growing by 2.3 pct in 2024, on the back of private consumption and investments, while the trade balance will offset gains as higher investment activity will lead to higher imports. Despite the global uncertainty, touris...
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