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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
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CPI accelerates to 5% YoY in Sep as energy dominates
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Trade deficit widens by 3.6% YoY in Aug, at 21.18 bln over eight months
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Volatile energy and bond markets tighten pressure on government
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Draft budget for 2027 foresees positive growth and fiscal outlook in uncertain times
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Manufacturing stays in expansion in Sep despite slight PMI moderation
DBRS keeps rating at BBB, ups outlook and sees upgrades if conditions improve
DBRS kept Greece’s rating unchanged at BBB (Low) on Friday, while it upped its outlook to positive from stable. DBRS was the first agency to grant the investment grade in September last year, although it was overshadowed by the extensive damage caused by Storm Daniel.
The rating rationale is in line with previous reviews by the agency and other leading agencies, underpinned by stable fiscal performance, a downward debt path and growth that outperforms eurozone peers, on the back of support by EU resources, notably th...
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