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Fuels propel 10.1% rise in retail sales for May despite volume drop
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Eurobank profits at 738 mln in H1, commissions jump by 13.5% to 414 mln
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Producer price index slows to 8.8% YoY in June, as energy continues to have impact
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Economic sentiment moderates slightly in July, while consumer confidence rises
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Unemployment rate stable at 8% in June
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Building activity slows in April with 4.2% YoY rise
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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