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Hirings turn positive, but with low balance, in Feb
EconomyMacroeconomybalance of 25,804 recorded in January this year. The balance in February last year was positive by 27,233, meaning there was a drop of 10,615 job openings year-on-year (YoY). At the start of last year... September, when teachers get rehired as the school year starts. This year’s February balance is one
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Newsletter 333 - 01/04/2022
on Tuesday, Mitsotakis insisted that elections would be held towards the end of the government’s four-year... rumours that he might be considering calling elections later this year. However, he did reiterate... with the electoral scheme and holding a vote before his four-year term is up seems a natural reaction to recent
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Unemployment remains at 12.8 pct in Feb, lowest since summer 2010
EconomyMacroeconomyshowed on Wednesday. In the same month last year, the unemployment rate was 16.1 percent. The latest... 2008. Year-on-year, the number of employed people increased by 455,115 in February, with total... population decreased by 387,995 people year-on-year and now stands at 3.12 million. The unemployment
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Rising bond yields a concern, but not an immediate fiscal problem
Economycumulative net purchases of close to 39 billion euros as of May this year. This allowed Greece to enjoy..., Greece opened the new year with a yield of 1.3 pct for its 10-year benchmark. It doubled to 2.65 pct... aggravated inflation. Greece’s CPI has been breaking multi-year records each month since December
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Newsletter 343 - 24/06/2022
insisting repeatedly that he wants to fulfil his four-year term, marking a return to normality... waits until the end of his four-year term to hold elections, he will not be able to hold off the wear... the freeze is lifted this year. The Fund’s clear recommendation is to resist pressures to increase
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Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023
EconomyMacroeconomy, the Fund offered a small glimpse of hope to the Greek authorities for the challenging year ahead. The IMF cut the growth estimate for the eurozone by half to 0.5 pct for next year, from 1.2 pct seen... to contract in the new year, from 0.7 pct growth forecast in July, now expected to contract by 0.2 pct
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Newsletter 358 - 11/11/2022
on Thursday for Greece to avoid allowing its politics to “sink into the mire” as next year’s general elections... surveillance. As a first step, the Commission will present a four-year fiscal adjustment path based on its... the end of the enhanced post-programme surveillance in August this year. The main components that underpin
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Unemployment unchanged at 11.4 pct in Nov
EconomyMacroeconomyAuthority (ELSTAT) data showed on Tuesday. In November last year, the unemployment rate was 13.1 percent... rate in May 2008. Year-on-year, the number of employed people increased by 31,125 in November... year-on-year and now stands at 3.17 million. The unemployment rate among women fell by roughly 3
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Newsletter 368 - 03/02/2023
is hoping to attract in this year’s elections, and who could tip the balance in terms of whether New... one more handout before the elections. The outperformance last year reached around 400 million euros... first month of the new year concluded with some welcome news for the Greek government as Fitch
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Newsletter 375 - 24/03/2023
a rating upgrade that would bring Greece into investment grade in the second half of the year, once... and the developments at Credit Suisse. Thankfully, the sovereign debt profile is very mild this year... and the signals on the budget front are encouraging throughout last year and a solid start in 2023, largely
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