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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
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PMI improves significantly in Aug, despite exports orders falling for four straight months
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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
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Retail sales resume growth of 3 pct YoY in June, volumes record more modest rise
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Despite small drop in July, deposits stay above 200 bln mark
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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