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Industrial production drops by 0.8 pct in Apr
EconomyMacroeconomyin March. The annual movement in the index was driven largely by a fall of 16.4 percent in the mining and quarrying production index. This was followed by a 5 percent fall in the water supply production... with a fall of 48.7 percent YoY. All subcategories within mining and quarrying index showed declines
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CPI remains static in July
EconomyMacroeconomya fall of 1.2 percent. The overall CPI fall on an annual basis was driven by a decrease of 2.1 percent drop in the price of household equipment, mainly led by a fall in the price of furniture... percent fall in food and non-alcoholic beverages, plus a 1.7 percent decline in miscellaneous goods
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General govt primary cash surplus at 899 mln in January, arrears rise by 38 mln
EconomyMacroeconomywas noted in local governments with a fall of 17 million, bringing the total figure to 165 million euros. The equivalent figure for the same time last year was 182 million. A smaller fall of 2 million euros..., the state budget primary balance showed a fall of 486 million euros, landing at 494 million euros
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeaturesis anticipated to fall by 87 percent. The USA contributed 6.5 percent of overall tourism revenue... on domestic flights. Spending on hotel and resort stays is expected to fall by 79 percent. In addition... to fall by 63 percent. Finally for Italy, which made up 6 percent of tourism revenue in 2019
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OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
EconomyMacroeconomythat GDP will fall by up to 8 percent in 2020 under a single-hit scenario, with a recovery of 4.5 percent in 2021. If there is a second virus outbreak later in the year, Greece’s GDP is forecast to fall... as high as 20.4 percent under a double-hit scenario. Private consumption is expected to fall by 8
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomy, falling by 39.7 percent YoY. At the same time, total exports reached 1.98 billion euros, a fall of 33.5 percent YoY. BoG noted that the fall in imports and exports largely stemmed from a decline... of the balance of goods decreased thanks to a fall in imports at a faster pace than the decline
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PMI drops to 46.8 points in July amid Covid-19 uncertainty
EconomyMacroeconomypandemic which impacted domestic and foreign client demand. Output continued to fall at Greek manufacturing... The fall in output reportedly stemmed from a solid decrease in new business. Some firms connected... was marginal. Output charges continued to fall as firms used discounts to attract new clients
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomyexpenditure edged up by 0.9 percent. On a YoY basis, the breakdown showed that the fall in GDP versus... percent YoY. The Ministry of Finance’s revised 2020 budget expects private consumption to fall by 7.6... is seen rising by 3 percent while government consumption is expected to fall by 1.9 percent. Final
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Concerns for SYRIZA mount as brief election campaign gets underway
PoliticsGreek Politicspartner, Independent Greeks (ANEL) narrowly failing to enter Parliament. Some crumbs of comfort
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Deal with lenders buys coalition more time but not internal calm
PoliticsGreek PoliticsIndependent Greeks (ANEL) MPs, cannot be ruled out but the legislation does not appear to be in danger
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