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Trade deficit drops sharply in Oct, down 6 pct in 10M
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
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Quarterly unemployment eases to 8.2 pct in Q3, lowest since end-2008
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OECD sees sustained growth of 2.2 pct in 2026, challenges persisting
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Unemployment stable at 8.6 pct in Oct
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Lost decades for Greek incomes tell different story to recovery narrative
Fiscal data impressive but details suggest caution still required
The state of Greece’s public finances took prominence in the public debate when Eurostat and ELSTAT published the official data for the 2021 to 2024 period, with Greece presenting a sizable primary surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total surplus of 3.18 billion euros, or 1.3 pct of GDP.
The data at general government level includes the central government, local governments, and social security funds, all of which were in total surplus, with the central government at 3.18 billion euros, local governments at 2.05 billion euros and social...
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