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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
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Energy drives drop of 4.2 pct YoY in import prices drop for June
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
Details of 2025 budget point to complex economic challenges ahead
The Finance Ministry tabled last Wednesday the final budget for 2025. As much as the headline numbers support the government narrative of stable growth and solid fiscal performance, the underlying numbers highlight the challenges for the coming years.
According to the latest estimates, the Greek economy is expected to grow by 2.2 pct this year, essentially unchanged from the 2.3 pct of last year and in 2025 it will also outperform eurozone peers, also with growth of 2.3 pct.
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