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Seasonal factors shape employment balance in July as job departures dominate
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Energy impacts trade deficit as July sees growth of 3.2% YoY
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GDP grows by just 0.3% QoQ in Q2, eases to 1.9% YoY
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DBRS leaves rating unchanged at 'BBB', ups outlook to positive
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Seasonal jobs push quarterly unemployment to 7.9% in Q2: lowest since 2008
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Manufacturing grows in Aug thanks to rise in new sales: optimism highest since 2024
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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