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Energy pushes import prices up by 10% in July
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Sharp drop in new passenger cars leads to 18.7% YoY decline for vehicle sales in Aug
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Despite manufacturing gains, industrial production drops by 1.2% YoY in July
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Inflation picks up pace in August, rising to 3.8% YoY
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Seasonal factors shape employment balance in July as job departures dominate
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Energy impacts trade deficit as July sees growth of 3.2% YoY
Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
Greece is expected to post a general government primary surplus as well as a current account surplus of 1% of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report on Monetary Policy published on Tuesday.
GDP is seen contracting at around 4 percent in 2013, while the latest macroeconomic data indicate the economy will rebound next year with a growth rate of 0.5 percent.
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