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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomyafter the zero and 0.3 percent growth rates posted in Q1 and Q2 2015 respectively. The QoQ drop... of -0.4 percent and a downward revised growth of 0.9 percent in Q2. The drop in Q3 was the first negative reading since Q4 2013. GDP at current prices slipped 0.8 percent QoQ in Q3 after edging up by 0.1
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated... that the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... for the anticipated drop in bad loans also supported by collateral liquidations, collections and loan sales
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Newsletter 108 - 24/02/2017
, but reports have suggested that this may drop to around 1.5 percent of GDP, bringing the total down.... The drop in full-year receipts fully reflects a reduction in the average expenditure per trip by 11.3... reflects a significant drop in the services surplus by 1.61 billion and, to a lesser extent
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomy, mostly due to a sharp drop in transfers by 1.55 billion to 1.43 billion, while taxes also declined... fell by 573 million to 18.11 billion euros, largely due to a drop in social benefits by 559 million... compensation and subsidies rose by 96 million each. It is noted that social benefits make up more
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Newsletter 179 -19/10/2018
built up between the two men over the last three years, with Tsipras growing tired of Kotzias’s tendency to go it alone. Also, in weighing up which side to take in this intergovernmental feud..., from 1.2 percent in the first estimate. Gross fixed capital formation was up by 9.2 percent, slower
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Newsletter 214 -12/07/2019
ND sweeps in, starts work Mitsotakis names mixed cabinet, lines up first bills that include... in September 2015, while SYRIZA lost 145,614 voters, a drop of 7.6 percent. SYRIZA’s outcome was enough... administration will have prepared for what’s shaping up to be a challenging round of talks with creditors over
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomy2015, when there was a drop of 2 percent. Compared to Q1 in 2019, GDP shrank by 0.9 percent... and services edged up very slightly by 0.1 percent. Final consumption expenditure edged down by 0.4.... Private consumption is expected to drop by 4.1 percent in 2020 and public consumption is seen
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Retail sales barely move in Oct, collapse in volumes accelerates
EconomyMacroeconomyshowed on Friday. The corresponding volume index recorded a drop of 6.3 percent. Sales volumes have... percent, non-food was down by 1.3 percent and food sales were up by 6.2 percent. Retail sales were led by a 8.4 percent YoY rise in food and beverages, while supermarket sales were up by 5.9 percent
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Newsletter 57 - 08/01/2016
drop in objective property prices, according to estimates. Yet, for a number of deprived areas... up to 25,000 euros, at 32 percent for the next 17,000 euros and at 42 percent for any income above... of their annual income. The self-employed are taxed at a rate of 26 percent for annual income up to 50,000
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Newsletter 174 -14/09/2018
request to scrap the pension cuts lined up for 2019. The Greek government stated its case directly... a rent subsidy scheme for up to 300,000 families, the reduction of the ENFIA property tax by up to 30... elections. Focussing on the period up to the end of 2022, allows Tsipras to set out a broad array
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