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December current account deficit at 1.24 bln on falling services balance
EconomyMacroeconomyprices, respectively. As mentioned, the services balance recorded a fall of 16.3 percent... despite a slight fall in international arrivals, this was offset by a 26.5 percent rise in travel... an 18.2 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net fall in liabilities
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Newsletter 161 -11/05/2018
in March Substantial drop driven by exports rising as imports fall Greece’s trade deficit shrank by 23.1 percent in March, building momentum on February’s fall of 16.6 percent, according to data from... year showed a YoY fall of 17.9 percent in the trade deficit, which landed at 5.34 billion
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomyyear, private consumption fell by 0.4 percent in Q1, easing from the previous quarter’s fall of 0.8.... The aggregate figure for the first three months of the year showed a YoY fall of 17.9 percent in the trade... percent YoY. On an annual basis, the current quarter represents the first fall in imports after six
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Unemployment rate stable at 21.2 pct in Q1
EconomyMacroeconomymostly by a fall in the number of unemployed by 5,653 quarter-on-quarter, along with a fall also.... The rate among the 15-19 year age group declined fastest compared to the same quarter last year with a fall
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The race to reduce Greece's bad loans
EconomyBankingbillion in Q1. Parent NPE stock is anticipated to fall by 34 percent between March 2018... at 25.9 billion by the end of the year, and to fall further to 20.3 billion by the end of 2019... billion by the end of 2019. NPLs are targeted to fall to 13.4 billion by the end of this year
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyto 6.52 billion, below target by 285 million. This was driven largely by a 2.2 percent fall in income... by 272 million euros. Interest payments continued to fall for a fifth consecutive period, declining... million. The MoF noted that the decline in expenditure was mainly due to a fall in grants to hospitals
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General govt primary cash surplus at 1.45 bln in June as expenditure picks up
EconomyMacroeconomy-on-month declines were seen in five out of the six underlying subcategories. The biggest fall came... of the total). Bonds showed a fall of 25 million to 53.44 billion, making up 15.5 percent of the total. Repos... notably by 2.96 billion to 19.33 billion. The fall was almost entirely driven by a 2.25 billion euro
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyalso declined by 12 million to 14.69 billion (4.3 percent of the total). Bonds showed a fall of 1.84 billion to 51.58 billion, representing 15 percent of the total. The current month’s fall in bonds.... Guarantees The stock of gg guarantees fell by 2.48 billion to 16.85 billion. The fall was almost entirely
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBanking1.1 percent versus a fall of 24.6 percent in the consumer loans portfolio and 15.7 percent... figures have to fall to 25.3 billion and 17.6 billion, respectively. As the BoG report outlined... to fall to 35 billion euros by the end of 2021. Auctions are expected to generate 35 percent
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July current account shows surplus of 1.58 bln as tourism drives services surplus
EconomyMacroeconomya fall of 8 percent YoY to 166.3 million. On an aggregate basis, the C/A deficit worsened by 524 million... a net decrease in residents’ external assets which stems largely from a fall of 128 million euros... to a 1.2 billion-euro fall in non-residents' holdings of Greek government bonds and T-bills. During
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