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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyto fall further by 1.9 percent in 2014 implying a 23 percent drop over the last five years... drop to 84 percent in 2014. The report highlights that the labor productivity and the purchasing power... shown a marked deviation in the succeeding five years. The sharp drop in real wages by 22.3 percent
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August trade deficit shrinks by 29.5 pct as imports fall faster than exports
EconomyMacroeconomyrespectively. The sharp drop in trade deficit in August led the respective 8-month figure up by a mid... the first data is avalable. August’s performance reflects a 16.3 percent drop in imports and a 5.7... a slower drop in August (-20.3 percent), mainly reflecting a lower decrease in imports (-12.9 percent
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Greek trade deficit widens 34.2 pct in Sept as exports slip for third month
EconomyMacroeconomyGreece’s trade deficit widened by 34.2 percent in September after a drop of 29.5 percent in August... again after a short-lived drop in August. September’s figure indicating wasthe sixth positive... percent. However, exports posted just a marginal drop of 0.1 percent, while imports rose at a double-digit
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Unemployment rate at 25.7 pct in Jan, lowest since Aug 2012
EconomyMacroeconomyreflects a 1.1 percent month on month (MoM) drop in the number of unemployed. The employed marginally.... In contrast, the YoY drop in the number of jobless showed a slight acceleration to 6.7 percent in January..., the aggregate figures point to a cumulative drop of 22.5 percent corresponding to 1,027,300 lower
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomythe beginning of 2014 and the second highest drop since April 2014. Note that the January figure... a similar drop in manufacturing turnover (-9.9 percent), while mining and quarrying turnover recorded a slower decline (-6.5 percent). The breakdown in the two key areas displayed a drop in both
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PMI improves in May but points to further deterioration in manufacturing
EconomyMacroeconomymonth but the rate of contraction was moderate and slower than that of April. The largest drop... showed that the drop in May’s incoming new work was largely attributed to uncertainty and adverse... progress on outstanding orders with a marked drop in the extent of backlog. Employment fell
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomydrop by 6.5 percent. In particular for May, revenues fell significantly by 23.7 percent broadly similar to the 20.2 percent drop posted in the budget figure. According to the MoF, the drop.... The respective drop in budget expenditure was less than half (-3.4 percent). Interest payments grew
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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomybillion in July, up 5.2 percent. The substantial improvement in July, led the 7-month C/A balance... by 959 million and lower services’ surplus by 243 million. The considerable drop in the goods’ deficit to 10.21 billion reflects a double-digit drop in imports (-12.3 percent) to 25.05 billion, while
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Average wealth in Greece down by 17.1 pct since last year
Societydeclined by 5.2 percent, the highest drop rate after that of Poland (-5.5 percent), while the Greek stock market recorded the biggest nosedive at 54.9 percent. However, the 17 percent drop in household... due to changes in the euro-dollar exchange rate. However, the drop to 81,300 dollars in 2015 placed
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Current account turns to a surplus of 314 mln in Oct on contracting goods deficit
EconomyMacroeconomymillion last year. The breakdown shows that the drop in the goods deficit by more than a third mainly... said the net oil import bill fell due to a drop in oil prices, while ship transactions were... attributed to a marked narrowing of the goods deficit by 4.38 billion more than offsetting a drop
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