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Budget underspend carries on in Oct as taxes continue to outperform
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Import prices resume growth in Sep, food up 6.9 pct YoY
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Car sales remain in forward gear with 7.7 pct YoY rise in Oct
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Manufacturing drives industrial production increase of 6.8 pct YoY in Sep
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
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Trade deficit narrows by 13.6 pct YoY in Sep on back of oil effects
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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