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Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
EconomyMacroeconomythe February travel balance to a deficit of 3.8 million from a surplus of 3.8 million last year. The decline... by to 433,200. In contrast, the average expenditure per trip increased by 9.7 percent to 305 euros
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Sharper drop for retail sales in July points to lingering recession
EconomyMacroeconomyrather than to resume consumption.... deposits, savings balances - fully reflecting households’ savings - increased over the June - August period, with the average monthly inflow at c400 million euros over this 3-month period. Our
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Retail's downward slide continued with 8.9 pct sales drop in August
Economybalances - fully reflecting households’ savings - increased over the June - August period, with the average monthly inflow at c400 million euros over this 3-month period. Our understanding is that Greek households prefer to put the little spare money they have in their bank accounts rather than
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Travel balance increases more than eightfold in May from last year’s lockdown
EconomyMacroeconomyGreece’s travel balance came to a surplus of 112.1 million euros in May from 12 million a year ago... to an increase of 836.3 percent year-on-year (YoY). The balance remained substantially below its May 2019... of 58.3 percent to 180.4 million, which took the overall travel balance to 137 million, reflecting
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Travel balance more than double in Feb as arrivals increase by 24.6 pct
EconomyMacroeconomyGreece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 120.3 percent year-on-year (YoY... percent to 373.2 million, which took the overall travel balance to 153.8 million, equal to a rise
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Newsletter 286 - 26/02/2021
Covid-19 wards in the Greek capital are in short supply again. More than 90% were taken up this week... paternity leave and regulations around home working as its contribution to a better work-life balance... effects once support measures are withdrawn and weak business balance sheets could hamper the recovery
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Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short
EconomyMacroeconomyincreased by 2 percent to 35.26 billion, lower than the target by 305 million. PIB PIB revenues came...The budget primary balance came to a surplus of 4.81 billion euros in the first nine months of 2018... primary balance came to a surplus of 1.65 billion euros, rising from the surplus of 1.11 billion
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomypercent to 35.26 billion, lower than the target by 305 million. The MoF noted that the movement...The budget primary balance was confirmed at a surplus of 4.80 billion euros in the first nine..., the monthly primary balance came to a surplus of 1.64 billion euros, rising from the surplus of 1.11
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Are hirings in the public sector out of control?
EconomyFeaturesis lifted is more than topical, as discussions start to focus on shaping the country’s post-MoU... since the beginning of the crisis, perhaps more than most people realise. The core public sector ended.... While on the face of it the balance of hirings and departures does not adhere to the attrition
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Reflections on Greece's balance of payments
Agoraprivate-sector saving-investment balance is -0.1 percent of GDP (essentially balanced over time... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign balance.” This is the national accounts counterpart of the “current account” in the balance
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