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Greece faces prolonged price pressures despite US–Iran deal
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Strong arrivals push travel balance up 58.5 pct by April
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Energy continues to lead industrial turnover growth of 23% YoY in April
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Current account deficit narrows to 1.39 bln in Apr, travel receipts show resilience
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Car sales remain strong, rising by 3.3% YoY up to May
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Wages index maintains momentum with 6.7% YoY rise in Q1
GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
Greece’s seasonally adjusted (SA) GDP grew by 0.2 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2018, after an upwardly revised increase of 0.9 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Monday.
The headline figure for Q2 marks six consecutive quarters of positive growth for Greece. The Greek economy grew by 1.8 percent year-on-year (YoY) after upwards revised growth of 2.5 percent in Q1.
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