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Jobs in tourism push May hiring balance upwards
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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
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Manufacturing PMI improves slightly in June, cost and export challenges persist
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Energy continues to drive rise in producer prices as May sees 13.5% YoY increase
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Retail sales growth slows to 4% YoY in Apr, volumes drop as fuel consumption decreases
New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
The Finance Ministry presented on Monday the latest Medium Term Fiscal Plan for the 2025-2028 after negotiations with Brussels within the context of the new SGP rules.
The new fiscal framework in the eurozone is based on mutually agreed spending ceilings between states and the European Commission, along the lines of a broad rule that primary spending should not grow by more than 3 pct annually.
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