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Despite disposable income rise in Q4, saving rate negative for five quarters in a row
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Greece unveils new batch of cost-of-living measures after robust 2025 fiscal results
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Tourism season starts strongly in Feb with receipts up 70.7 pct in first two months
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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
Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach
In the context of the first Excessive Deficit Procedure (EDP) notification of 2024, the fiscal data for the 2020-2023 period was released by ELSTAT on Monday. The figures contained encouraging signals for the Greek authorities as the fiscal framework becomes tighter and Greece aims to achieve large primary surpluses in the coming period.
The latest data for 2023 shows that the general government deficit dropped to 3.51 billion euros, down from 5.14 billion euros in 2022.
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