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Growth of industrial production slows to 2.6 pct YoY in Nov
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Trade deficit narrows by 15.1 pct YoY in Nov
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Economic sentiment rises in Dec despite sharp drop in retail trade
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Households drive Nov deposits rise as total reaches 207 bln
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Credit expansion still solid in Nov as it rises by 7.2 pct YoY
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Unemployment rate falls to 8.2 pct in Nov, lowest since 2008
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year.
Stournaras stressed that if Greek debt is deemed unsustainable, then the anticipated market access in 2018 will not be feasible, adding that discussions on debt relief measures “should start now and be concluded as soon as possible.”
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