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Budget balance up to May well above target as VAT brings in 650 mln more than planned
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BoG reports sees resilience in Greek economy, urges focus on further reforms
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Greece faces prolonged price pressures despite US–Iran deal
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Strong arrivals push travel balance up 58.5 pct by April
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Energy continues to lead industrial turnover growth of 23% YoY in April
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Current account deficit narrows to 1.39 bln in Apr, travel receipts show resilience
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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