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Retail sales grow strongly in Aug with 5.3 pct YoY rise
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Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
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Economic sentiment picks up in Oct, consumer confidence sliding again
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Unemployment unchanged at 8.2 pct in Sep
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Business loans drive credit growth of 10.7 pct in Sep
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Corporate deposits propel savings increase to 208 bln in Sep
Reports raise questions about some economic policy decisions
Two reports published last week – the Bank of Greece’s monetary policy report and the quarterly report of the Parliamentary Budget Office - highlighted issues that have placed the government under pressure from the opposition parties over the last few months and raise questions about some of the policy decisions taken by the ruling conservatives.
The Bank of Greece (BoG) sees a sustained and rather stable growth path in the short-term, with the estimate for this year at 2.2 pct, then 2.5 pct in 2025 and 2.3 pct in the following year.
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