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PMI up to 55.2 in January, highest since October 2007
EconomyMacroeconomygrew at the fastest rate in more than 10 years. This in turn drove firms to hire more staff at the same rate as when the survey was first launched 18 years ago. However, a backlog of work was also... at the strongest rate since November 2007, leading to pre-production inventories rising. Firms continued to meet
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Newsletter 151 -16/02/2018
, the rate of change showed a decline of 1.6 percent. The average CPI for the 12-month period from... pct, lowest in seven years The latest annual figure is the slowest rate of decline in property prices... also saw price falls at the same rate . Properties in Athens and Thessaloniki recorded price falls
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Greek hourly labour costs less than half of eurozone average
EconomyFeaturesemployment rate. An interesting aspect of the Greek job market during the crisis, as revealed... it. Greece had the fourth highest increase in the job market participation rate for women after... participation rate after Portugal and Spain. The preliminary report noted also that overall
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Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
EconomyMacroeconomytheir prices fall by 0.3 percent in Q1, at the same rate as Q4. Properties up to five years old saw... represent the slowest rate of decline since figures were made available as of Q1 2007, and contrasts with a decline of 1.9 percent noted for the same quarter last year. Based on the slowing rate
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammeinto a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... percent by 2030 in line with the projected increase in the risk-free rate, and to reach 5.1 percent.... However, the GFN-to-GDP rate is projected to increase from the 2020s onwards, reaching 28.1
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PMI at 53.5 pts in June as Greek manufacturing sector finishes Q2 on a positive note
EconomyMacroeconomyrunning, while new export orders have now risen in nine consecutive months. Moreover, the rate of growth... in order to keep up pace. Meanwhile, purchasing activity rose to the highest rate of the last four... cost inflation rose for the second month at the highest rate since January last year. A wider range
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammeflexibility in the event of growth and interest rate developments that do not meet the forecasts. The PDMA.... Equally importantly, interest rate risks are contained. Only 49 percent of the total debt... rates issues over the last 12 months. Greece is also shielded against interest rate risks thanks
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Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
EconomyProgrammeVAT rate on the remaining five Aegean islands. He said that the eurozone bodies had been taken... by the fiscal implications of the lower VAT rate as the increase is only expected to yield 24... being examined by Finance Ministry officials include lowering the basic rate of income tax from 22
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomynot meet expectations. In particular, unemployment did not fall at the rate expected in Q1, while... increase at a rate setting the ceiling for wage increases. The PBO notes, as previous sources have done... increase in the long-term potential growth rate of the economy, since the report notes
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Recent study issues warning over ageing population, future pension burden
SocietyGreece’s population reduced, while the growth rate of the working-age population, which ranges... authors state that while Greece is aiming for 2 percent annual GDP growth, a rate closer to 4.... However, births remained below the 100,000 mark for a second year running. The birth rate fell under
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