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Credit growth picks up pace in Aug, with 7.1% YoY rise
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Deposits rise to 224.43 bln, with 2.97 bln inflow in Aug
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VAT continues to drive budget performance in Aug, at 1.21 bln above target
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Travel receipts grew 7.2% YoY in July despite drop in arrivals
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Current account turns to surplus in July thanks to services, tourism
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Scope raises rating to 'BBB+' as Moody's ups outlook to positive
Iran war begins to bite as costs rise and confidence falls
The impact of the protracted Iran conflict is filtering into the Greek economy and is reflected in hard data and sentiment indicators covering periods after the war began at the end of February.
Meanwhile, with the war unresolved for more than two months - despite the ceasefire reached about a month ago - the main choke point for the global economy, the closure of the Strait of Hormuz, remains in place. The growth outlook is beginning to factor...
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