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Energy drives import price drop of 2.1 pct YoY in July
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Wages grew by 8.7 pct YoY in Q2 thanks to strong seasonal hires
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Car sales record modest rise in August, up 3.3 pct YoY in 8M
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Electricity drags industrial production down by 0.5 pct YoY in July
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August CPI moderates sligthly to 2.9 pct YoY, rents climb by 10.9 pct
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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
Following the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.
The economic assumptions underpinning the budget remain more ambitious than those published by the Commission on Wednesday, with the Greek authorities seeing the economy growing by 2.8 percent, compared to EC’s 2.3 percent.
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