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Newsletter 89 - 23/09/2016
target by 2.78 billion, the preliminary budget execution bulletin showed. The latter reflects a strong underspend of 2 billion, coupled with a revenue overperformance of 646 million. Revenues (before tax... turnover by 6.1 percent. 2 Coalition could face a mauling Nervous Tsipras awaits supreme court
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Unemployment rate falls for second straight month, reaching 23.2 pct in July
EconomyMacroeconomyfell by almost 6 pp to 42.7 percent. Lower decreases of around 2 pp were recorded in the next two... including their unemployment estimates. In particular, the 2017 draft budget foresees the jobless rate... the unemployment rate to land at 23.3 percent this year and drop further by almost 2 percentage points
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Newsletter 95 - 11/11/2016
of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following... that the key issues of the review include the 2017 budget, the Medium-Term Fiscal Strategy (MTFS.... The headline figure for September is the sixth straight positive reading. 2 The great state
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomythat the 2017 budget incorporated a GDP contraction of 0.3 in 2016, but government officials recently expected... percent YoY from a much higher growth of 2 percent posted in Q3. Overall, nominal GDP rebounded by 0.4... expects exports to rise by 0.7 percent for the whole year. Imports rebounded 2 percent, fully
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Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammeon the technical details of the fiscal issues such as the necessity for adopting measures worth 2... the Greek side. The Fund’s stance that additional savings of 2 percent of GDP, or 3.6 billion euros... the state budget. The IMF has repeatedly stressed that more than half of Greek wage earners are exempt
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Greek women in crisis
Agoraof maternity leave covered by the employer (2 months prior to giving birth and 2 months afterwards... to research by the UK Women’s Budget Group for the International Trade Union Confederation (ITUC
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Fiscal surplus back in focus ahead of IMF debt discussions
PoliticsGreek Politicsto around 2 percent. Fiscal gap The fiscal performance for 2018 became an issue again in Greece after the IMF Fiscal Monitor report published on Wednesday indicated that the Fund sees a 2 percent of GDP... as the Fund made a significant revision of its forecast for the 2016 budget primary surplus, which it now
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Newsletter 126 - 07/07/2017
of 117 million. The primary surplus of the state budget also declined by 1.15 billion to stand at 757... 2017, following a request by the BoG. The fall of 2 billion euros reflects positive developments in the liquidity of Greek banks. 2 Unemployment falls to 21.7 pct in April The jobless rate has fallen
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Revised GDP data shows recession for 2016, higher growth in 2014
EconomyMacroeconomysources, including household consumption and budget surveys, balance of payments and external trade... and services dropped by 1.8 percent, against a 2 percent decrease in the first estimate. The economy... by 0.8 percent and general government spending was down by 2 percent. Exports dropped by 5.1 percent
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesin the electricity and gas sectors fell to 2 percent of GDP in 2011-2015 compared to levels over 4 percent... projects, with 42 percent of the budget (around 9 billion euros) allocated to the energy sector..., with the potential to add a further 2 bcm/y in a second phase), it is important because it will allow
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