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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomya drop of 0.1 percent in the previous quarter. The Q3 headline figure is the first back-to-back... consumption is seen rising by 0.2 percent. Investments Gross capital formation recorded a drop of 8.9 percent QoQ following a downwards revised drop of 15.4 percent in the previous quarter. Gross capital
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Newsletter 143
by 0.3 percent QoQ, following a drop of 0.1 percent in Q2. The headline figure is the first back... percent YoY. Investments recorded a drop of 8.9 percent QoQ following a downwards revised drop of 15.4
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Turnover in services sector shows mixed picture in Q3 2017
EconomyMacroeconomyshowed on Friday. Specifically, six of the 15 services posted a drop in the current quarter, the same... the last five years, the figures revealed that the largest drop since Q3 2012 came from services... that the index declined by 0.8 points to 13.6, the second consecutive drop. In the year to date
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Building activity increases by 16.4 pct in October
EconomyMacroeconomyMacedonia (+43.1 percent) and Epirus (+40 percent). A drop of 23.1 percent was noted in eastern... percent drop in apartment prices year-on-year in the third quarter of 2017. This followed a drop of 1.1
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Stress test assumptions cause few concerns for Greek banks
EconomyBanking, residential real estate values will drop marginally by 0.5 percent this year and grow by 1 percent... scenario, GDP is assumed to drop by 1.3 percent in 2018, 2.1 percent in 2019 and grow by 0.2 percent... and commercial properties are severely stressed, with home prices assumed to drop by 17.4 percent from
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeatureswas a roughly 25 percent rise in unemployment in tandem with a 27 percent drop in GDP. The study, titled... due to a cumulative 21.8 percent drop in wages across the six years, but also due to an increase... by more than a third, the drop in the price index did not exceed 2.7 percent. In the wider manufacturing
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Banks gear up for stress tests, with results due in May
EconomyBankinggrowing by a steady rate of 0.9 to 1.1 percent, residential real estate values will drop marginally... percent each year to 2020. In the adverse scenario, GDP is assumed to drop by 1.3 percent in 2018..., with home prices assumed to drop by 17.4 percent from the baseline levels whereas commercial property
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Consumer price index turns positive in February with 0.1 pct rise
EconomyMacroeconomy, education and hotels and restaurants. These were partially offset by prices drop in various food... and recreation. The month-on-month drop of 0.1 percent is attributed to price drops noted in alcohol and tobacco, clothing and footwear by 5.4 percent due to the winter sales, a price drop in heating
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Athens identifies drivers for growth as it draws up strategy for next years
Economypercent in 2021 and 2022. By 2022, private consumption is expected to drop to below 63 percent of domestic... million in 2022. The number of unemployed will drop from 1.03 million in 2017 to 655,500 in 2022, a 56 percent reduction. The unemployment rate will drop consistently in the period covered, from 19.7
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Turnover in services sector shows improvements in Q4 2017
EconomyMacroeconomyrate of growth was noted in telecommunications (+5.3 percent). Five of the 15 services posted a drop... that the largest drop since Q4 2012 came from management and consultancy activities (-43.5 percent... in December showed that the index declined by 0.2 points to 13.4, the third consecutive drop. Across
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