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PMI drops marginally in Nov amid declining export orders and rising input costs
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Fuels and food drive 0.7 pct YoY fall in Sept retail sales
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Deposits drop of 2.13 bln in Oct driven by businesses
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Credit growth slows to 7.8 pct YoY in Oct
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Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
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Economic sentiment slides in Nov, consumer confidence drops sharply
Lost decades for Greek incomes tell different story to recovery narrative
The final 2026 budget submitted to Parliament in November reaffirmed Greece’s strong fiscal performance and the sustained trajectory of declining debt. This was followed by the completion of the year’s rating review cycle, with Fitch upgrading the country by one notch. Yet the government now faces realities on the ground: fresh data has once again highlighted the challenges confronting Greek households - an issue with significant political implications.
Eurostat published last week the latest index of per capita real disposable household income. Italy and Greece are the only countries where per capita income has not grown over the past 20 years. Between 2004 and 2024, Greece ranks at the bottom of the ...
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