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  1. Primary cash balance posts deficit of 46 mln at end of July
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the first seven months of 2017 from a surplus of 2.38 billion last year, Bank of Greece (BoG) data revealed on Friday. This year’s figure includes arrears’ repayments of 1.11 billion, of which 306 million... billion a year ago. As previously noted, this year’s figure includes a one-off item of around 2 billion

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  2. IMF still sees fiscal gap in 2018 - no action needed, for now
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    growing by 1.8 percent this year and 2.6 percent in 2018. Growth drops to more subdued levels in the next decade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted by an estimated strong finish in the year. The Fund sees annual growth of 3.6 percent in the last

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  3. EC sees lower growth in 2017 but no concerns for fiscal targets
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyMacroeconomy

    forecasts, which were released on Thursday. Greece is seen growing by 1.6 percent this year, following... to 2.5 percent next year and in 2019. During the first half of 2017, the Greek economy only grew by 0.6... the economy in the second half of the year. The combination of improved consumer confidence

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  4. Tsipras reveals how excess surplus will be shared out, eyes political relief
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    will redistribute 1.4 billion euros from this year’s fiscal overperformance, setting the stage... surplus and how it would be shared out before the end of the year. Tsipras took to the airwaves after... scheme. Nobody earning more than 18,000 euros a year will receive any assistance, while the one-off

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  5. Final budget sees strong growth, fiscal overperformance in 2018
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Stability Mechanism programme is set to be completed in August next year. According to the documents..., the government is making a significant concession on the growth front for 2017. Macro This year’s... private consumption to improve from this year and sees it rising by 1.2 percent. The expectation

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  6. Retail sales drop by 0.7 pct in September after upward revision for August
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales fell by 0.7 percent year-on-year in September after upwardly revised growth... figure had originally shown a decline of 0.3 percent, marking the first fall in the index this year. The revised figure means that, on a preliminary basis, the first year-on-year decline was observed

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  7. Newsletter 151 -16/02/2018

    Newsletters

    million euros. Gross revenues rebounded by 4 percent year-on-year and stood at 4.50 billion euros... to a reduction of 57,830 people claiming pensions year-on-year, with a corresponding fall of 30.9... the 1,000-mark for a third month running. The corresponding surface area showed a rise of 30.6 percent year

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  8. Final decision on 2019 fiscal measures still a few weeks away
    Photo by Andrea Bonetti/Fosphotos

    EconomyProgramme

    The first step in the process of deciding whether Greece will have to implement next year fiscal... for the year. Government sources have indicated in recent weeks that they expected the final figure... for last year and at the level of this year’s target of 3.5 percent. The government believes

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  9. Unemployment rate at 20.6 pct in Jan, inactive population rises
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for those employed came to 3.8 million. Compared to the same month last year, the figure for those.... This translates to a reduction of 126,430 against the previous year. January marks the sixth consecutive month.... The unemployment rate among women fell by 2 percentage points (pp) from last year to 25.6 percent in January

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  10. Newsletter 164 -01/06/2018

    Newsletters

    announces the GDP figures for the first quarter of the year. The preliminary data, which is expected... a 3.5 percent of GDP primary surplus target this year. On the same day, the institutions also expect... on the remaining issues by the time the Eurogroup takes place a year later. According to reports this week

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