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Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
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Hiring balance improves by more than 18,000 jobs up to Aug
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Current account deficit improves significantly, reaching 6.62 bln up to Aug
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
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IMF's latest macro and fiscal estimates reflect economic stability
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Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
OECD sees stable growth of 2.2 pct next year and persistent structural challenges
The OECD published on Wednesday the latest economic outlook with the growth estimates for Greece broadly in line with other international organisations and the Finance Ministry’s forecasts. The report also outlines a number of challenges for the economy from the medium-term.
GDP is forecast to grow by 2.3 pct this year, 2.2 pct in 2025, and 2.5 pct in 2026, driven by rising disposable incomes, supported by a tight labour market and minimum wage increases. However, employment growth will slow as labour costs rise. Investment...
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