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Energy drives drop of 2.1 pct YoY in producer prices at close of 2025
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Retail sales growth slows to 1.7 pct YoY in Nov on back of sharp drop in fuel transactions
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Unemployment rate down to 7.5 pct in Dec, lowest since Nov 2008
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Building activity on the mend with 13.5 pct YoY rise in Oct
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Disposable income records modest 1.9 pct YoY rise in Q3, saving rate again negative
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Strong primary surplus of over 8 bln at close of 2025 as spending is contained
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
In its latest Economic Outlook report published on Wednesday, the Organisation for Economic Co-operation and Development (OECD) notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven. Growth is expected to return but uncertainties remain.
The OECD estimates that GDP will rebound by 1.1 percent in 2017, lower than its previous forecast of 1.3 percent released in late November. However, a stronger growth of 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent.
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