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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
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Manufacturing PMI improves slightly in June, cost and export challenges persist
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Energy continues to drive rise in producer prices as May sees 13.5% YoY increase
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Retail sales growth slows to 4% YoY in Apr, volumes drop as fuel consumption decreases
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Loans to businesses keep credit growth at 7.4% YoY in May
Greece braces for major inflation shock as Middle East standoff continues
With the war in Iran far from settled and the main choke point for global energy and trade still in place - as the Strait of Hormuz remains essentially shut - newly released data points to a severe inflation shock for the Greek economy.
The import price index jumped by 11.4% in March, after being negative for five consecutive months and with only two positive readings since January last year.
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