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Producer prices soar by 43 pct YoY on April, but see first monthly drop since Aug 2021
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Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
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Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
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High energy prices fuel uncertainty on fiscal front
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
OECD sees more growth, falling unemployment in Greece
In its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.
For 2015, OECD expects GDP to accelerate to 2.3 percent (from 1.9 percent before) and further to 3.3 percent in 2016. The OECD’s new estimates for 2014 are marginally higher compared to the official projections of the troika institutions and the Greek g...
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