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Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ
EconomyMacroeconomyoutlook on Greece for this year in its latest forecast also published mid-May. It now expects the Greek..., which is now seen higher at 2.6 pct in 2023, from 1.8 pct in the WEO of last October. The OECD sees this year’s growth substantially revised from the 1.1 pct of January, and now it expects the Greek
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Newsletter 389 - 14/07/2023
questioned whether SYRIZA could continue as a united party now that Tsipras is out of the picture... as it rose from being a fringe party to one of power, it had been clear for some time now that he had.... The index has been growing in the five months of 2023 and is now up by 2.1 pct annually. Month-on-month
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PM under pressure to account for destruction, as wildfires stoke anti-migrant sentiment
PoliticsGreek Politicsthe second worst on record in terms of the area burned. A leaders’ debate in Parliament is now... and initiatives to improve public services. It now looks likely that the positive message may need to be toned... hard right groups, who now have a bigger representation in Parliament, to call for louder endorsement
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Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble
EconomyMacroeconomyin nine of the last 10 months, essentially since October last year, and is now at the highest since... a 6.6-point drop to 38.4, after an 8.4-point rise in July. Services confidence is now 4.5 points... at -7.8 points, down by 0.7 points from the previous month, negative for three straight months. Now
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Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance
PoliticsGreek Politicsenergised the SYRIZA leadership contest and is now well-placed to win the second ballot. Much... will be accepted between now and the second ballot. What next? Of the other candidates, Tsakalotos... to the point that he now stands a good chance of winning the party leadership on Sunday – a prospect
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Consumer confidence takes 10-point dive in September
EconomyMacroeconomy, and is now at the highest since early 2022. It is not far off the recent high of more than 114 points... is now 22 points on the rolling 12-month. Retail trade also improved by 4.7 points to 29.6, after... went deeper into negative territory to -15.2 points, from -8.1 points in the previous month. Now
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Second round of local elections deliver worrying results for PM, glimmer of hope for opposition
PoliticsGreek Politics, such a cooperation is a long way off for now, although SYRIZA official Christos Spirtzis suggested on Monday... progressive candidate in the second round had been vindicated. “The first crack has been made, now let’s... that had been supported by the conservatives in the past but had now participated as independents
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Economic sentiment continues slide in Oct, consumer confidence low
EconomyMacroeconomy. Sentiment had been improving since October last year, however it has now recorded back-to-back declines.... The services index dropped by 1.2 points to 35.7 Services confidence is now 14.6 points on the rolling... in the previous month. Now the index is up by almost 30 points on a rolling 12-month basis.
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomyof employed people increased by 70,724 people, with total employment staying above and now distancing.... Unemployment has now breached the half million-mark after it peaked at 1.36 million in July 2013. The inactive population increased by 4,184 people year-on-year and now stands at 3.1 million
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PM launches reconstruction plan for disaster-hit regions as SYRIZA walkout spawns new group
PoliticsGreek Politicsthe dynamic as “more than a forum and less than a party”. SYRIZA has now lost one third of its central committee of 300 members, while it now only holds four more seats in Parliament than social... opposition. One possible scenario now making the rounds is that of a potential alliance between
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