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  1. Current account turns to a surplus of 314 mln in Oct on contracting goods deficit

    EconomyMacroeconomy

    in the 10-month period fell by 14.8 percent at almost double pace compared to the export rate (-7.5... euros in October, mainly stemming from a rise in residents’ holdings of foreign bonds and T-Bills... in foreign firms’ shares partly offset by a decrease in residents’ holdings of foreign bonds and T

    7%

  2. Current account deficit jumps to 742 mln in January

    EconomyMacroeconomy

    fell at a slower rate of 4.6 and 7.4 percent respectively. The decrease in the services’ surplus... by 678 million mainly due to an increase by 949 million in residents’ holdings of foreign bonds and T... in non-residents’ holdings of Greek government bonds and T-Bills. Reserve assets slightly increase

    7%

  3. Current account deficit narrows to 822 mln in April

    EconomyMacroeconomy

    -digit rate of 12.3 percent to 13.05 billion in the 4-month period, while exports declined... assets posted a rise by 537 million in April mainly reflecting a rise in residents’ holdings of foreign... bond and T-Bill holdings by 3.4 billion, while the corresponding liabilities grew by 87 million mostly

    7%

  4. Current account surplus narrows to 1.82 bln in August
    Photo by MacroPolis

    EconomyMacroeconomy

    billion, while imports recorded a similar rate of decline of 5.9 percent to land at 26.36 billion... an increase of 607 million in residents’ holdings of foreign bonds and T-Bills. The corresponding liabilities also rose by 276 million, mostly due to larger foreign holdings of Greek government bonds and T

    7%

  5. IMF consultation report pinpoints health of Greek banks as central to growth
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyBanking

    of foreclosure’ to deter strategic defaulters”. Their success rate is still low as buyers are rare and 85..., holdings dividends and recoveries or liquidations, the public debt has been burdened by 45 billion... of the state’s holdings to the banks has been reduced to under 5 billion, leading to a potential

    7%

  6. Greek PMI falls again in July, dropping to 48.7 points

    EconomyMacroeconomy

    goods. The rate of drop in July new orders was faster than that observed in June, mainly reflecting weaker demand. Nevertheless, new export orders increased for the third consecutive month at a rate which was the most marked over the past 3 years, yet only modest overall. Although the rate of decline

    7%

  7. Unemployment at 27.2 pct in May, hardly changed from previous months

    EconomyMacroeconomy

    The seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged... in May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest.... The respective YoY rate for unemployed displayed a decrease for the second consecutive month, with the May

    7%

  8. Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
    Photo by MacroPolis

    EconomyMacroeconomy

    The non-seasonally-adjusted unemployment rate eased again in the third quarter (Q3) of 2014... and displayed the unemployment rate eased to 25.7 percent in September from 26 percent in August. The year... group (25-29 years) posted a broadly similar trend with the jobless rate dropping by around 4 pp YoY

    7%

  9. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts advanced for the fifth straight month, albeit at a much slower growth rate... in the number of tourists from the US (+27.8 percent) and Germany (+18.7 percent). The growth rate... in the travel spending per trip to 604 euros. The highest growth rate in arrivals was posted by those from

    7%

  10. Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct

    EconomyMacroeconomy

    that the Q4 QoQ rate was downward revised for the -0.2 percent flash estimate released on February 13... percent in Q3. According to the flash estimates, Q4 GDP had grown by 1.7 percent. Q4 growth rate... strongly rebounded by 18.3 percent QoQ and 20.2 percent YoY. The QoQ rate is the highest reading

    7%