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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
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Jobs in tourism push May hiring balance upwards
Conflict in Middle East puts fresh pressure on economy
The relative stability and calm that the Greek economy profited from over the last couple of years has started to look like a thing of the past over the past few days as tension in the Middle East flared up, threatening a protracted conflict in the region, which will have a global impact and will affect the growth outlook for Greece.
The side-effects of the crisis can affect the Greek economy through several channels. However, the main concerns are the inflationary pressures, mostly via energy and transport, the current account deficit and tourism.
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