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GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY
EconomyMacroeconomyto 2.1 percent year-on-year (YoY), from a 2.6 percent YoY rise in Q2. The quarterly movements in Q3... increased by 4.9 percent. Exports rose by 1 percent year-on-year, with goods down by 1.1 percent... this year is seen at 2.4 percent, while next year is expected to accelerate to 2.9 percent
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Budget marks return of trust, argues Mitsotakis
PoliticsGreek Politicsthe country as well as abroad. The budget foresees growth of 2.9 pct next year, supported by a 15.1 pct rise in investments. CPI and HICP are due to converge next year to 2.6 pct, from the 4 pct region in 2023. The unemployment rate is seen at 10.6 pct in 2024, from 11.2 pct this year. Public finances
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Dependency on tourism highlighted by negative hiring balance of 82,463 in Nov
EconomyMacroeconomylast year saw 83,627 more departures, suggesting a year-on-year improvement of 1,164 jobs. Total... are up by 18,329 year-on-year, while voluntary exits were up by just 1,611. Hires were up by 21,104 jobs compared to November last year, while departures are also up by 19,940. The proportion
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Newsletter 413 - 23/02/2024
gathered by the Larissa prosecutor into the causes of the accident, which killed 57 people almost a year... health would be the European Commission's official report, expected later this year. The Prime... year-on-year. A study published this week by the IMF highlights that this price structure is hitting
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Catering and retail contribute to worst employment balance on record in Jan
EconomyMacroeconomyyear saw 27,611 more departures, a year-on-year deterioration of 4,386 jobs, making this year’s... as layoffs and termination of contracts. Layoffs are up by 7,787 year-on-year, while voluntary exits were up by 5,287. Hirings were up by 8,688 jobs compared to January last year, while departures also
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Piraeus NII at 1.58 bln in 9M, commission income at 480 mln
EconomyBankingup to September last year. Net profit from continuing operations attributable to shareholders... percent in September, from 5.5 percent a year ago. The NPE coverage ratio was 61 percent, from 57 percent in September last year. The organic cost of risk in 9M to 0.5 percent, down from 0.9 percent
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Newsletter 445 - 13/12/2024
to the parliamentary activities this year, PASOK tried to pile on the pressure by focussing on its plan for an extra... ground of Greek politics, an area in which the PM’s dominance seemed unassailable last year. According... by the first group of MPs to leave SYRIZA last year, just 1 pct. Kasselakis’s party is polling at 4.5
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Newsletter 447 - 17/01/2025
debt. Greece’s debt managers launched on Tuesday the first transaction of the year with a 10-year... a substantial part of the 8-billion-euro debt strategy for the year. Within an hour of the offers... of offers in a similar issuance in January a year ago. The qualitative data of the transaction is also
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IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook
EconomyMacroeconomy. Growth is also seen slowing to 1.8 pct next year and even further to 1.4 pct by 2030, which... this year and 2.1 pct in 2026. The current account deficit will remain elevated at 6.5 pct of GDP in 2025 and 5.9 pct next year, almost halving to 3.4 pct of GDP by 2030. Unemployment this year is seen
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Unemployment at 7.9 pct in May, lowest since Nov 2008
EconomyMacroeconomylast year, the unemployment rate was 10.5 percent. Despite minor fluctuations in recent months... percent unemployment rate in May 2008. Year-on-year, the number of employed people increased... increased by 14,438 people year-on-year and stands at 3.04 million. The unemployment rate among women
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