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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
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Jobs in education lead negative hiring balance of 20,728 in July
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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
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PMI improves significantly in Aug, despite exports orders falling for four straight months
Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
Following a disappointing result in the European Parliament elections on June 9, in which New Democracy fell almost 5 points short of its own target of 33 pct and experienced a sharp drop in support compared to the 41 pct it got just one year ago in the national elections, Prime Minister Kyriakos Mitsotakis appeared on Bloomberg last Wednesday to reassure markets that his government is stable and determined to follow its reform agenda.
This also comes on the back of political turmoil in larger economies in the European Union, with French President Emmanuel Macron having called snap parliamentary polls for next month and the ruling SPD in Germany coming third behind AfD and calls for s...
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