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Wage growth continues, but Greece remains near bottom of EU rankings
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Industrial production rises by 0.6% YoY in Oct, as energy supply moderates
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Housing and energy keep upward pressure on prices as Oct inflation rises to 5.7%
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Energy drives 21.7% YoY increase of in Sep trade deficit
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Strong economic indicators continue, but household pressures persist
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Manufacturing remains in expansion despite October slowdown
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
The European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin.
For last year, the Commission notes that domestic demand remained strong despite a contractionary fiscal stance, leading to increased imports. However, exports grew at a slower pace, making net exports a drag on overall economic activity.
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