Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
Hirings balance turns positive by almost 20,000 in Sept, boosted by seasonal factors
IMF maintains cautious view on public finances, sees debt declining slowly
Unemployment falls below 14 pct for first time since Oct 2010
IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
Disposable income plunged 9.3 pct in Q2, dragging consumption down with it
Greek household disposable income fell by 3.1 billion euros or 9.3 percent year on year (yoy) in the second quarter of 2013 and reached 30.1 billion, according to the Hellenic Statistical Authority (ELSTAT). The latest data indicates an accelerating decline compared to the first quarter drop of -7.4 percent.
The ongoing downward trend mainly reflects a decrease in the compensation of employees by 13.9 percent and social benefits by 12.4 percent over the same period.
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