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Despite rise of 6.1 pct YoY in June, building permits down 13.8 pct in H1
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Credit growth stable at 10.6 pct YoY in Aug
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Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
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Strong tax revenues, major underspend lead primary surplus 3.57 bln above target in Aug
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Tourism on track for new record season as receipts rise by 12.5 pct up to July
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Current account in 938.4 mln surplus for July thanks to services
Spotlight on challenges to labour productivity growth
Labour productivity has been an ongoing challenge for the Greek economy even before the 2010 debt crisis and is set to become more prominent from 2028 as it will be one of the components of the formula that will determine the minimum wage.
The current consultation process, which has essentially been grandfathered from the adjustment programmes, will be replaced by a mathematical calculation that will be based on inflation for the most vulnerable households, the 20 pct of the lowest income...
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