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Newsletter 391 - 01/09/2023
that more than 160,000 hectares of land have been burned since the start of the year, representing a 270... other year and had responded more effectively than many other developed countries. Mitsotakis promised... of its tenure and not just this year. However, he will also be expected to offer proposals
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EC's autumn forecasts see stable growth, with RRF playing pivotal role
EconomyMacroeconomyfor this year and improved for next year, compared to the previous estimates in spring. The Greek... in February of this year. For 2024, the estimate is for growth of 2.4 pct, from 1.9 pct in May, while growth... pct in the same period for the eurozone. The Commission sees inflation at 4.3 pct this year, falling
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Greece - Some structural macroeconomic arithmetic
Agoraare somewhat later in the year and reflect more recent information. The authorities tend to be more... suggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent.... For now, WAP is steadily declining by around 0.3-0.4 percent a year. This means that structural labor
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Labour market improves further in 2023, with 43,802 more hirings
EconomyMacroeconomylast year saw 8,867 more hires, suggesting a year-on-year improvement of 9,629 jobs. Total hirings... are up by 9,956 year-on-year, while voluntary exits were up by just 418. Hires were up by 20,003 jobs compared to December last year, while departures were also up by 10,374. The proportion of hirings
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Newsletter 437 - 18/10/2024
in Parliament, as they have been building momentum since last year’s national elections. Their combined... revisions of the base year to 2020 and the years prior, starting at 1995. ELSTAT revised up the growth outcome for last year, from 2 pct in the March first estimate to 2.3 pct, while of prior years
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GDP growth slows to 0.3 pct QoQ, investments underwhelm
EconomyMacroeconomywas stable at 2.4 percent year-on-year (YoY), from a 2.3 percent YoY rise in Q2. The quarterly... increased by 3.3 percent year-on-year, while imports were up by 4.2 percent. Goods exports increased... and by 0.4 percent QoQ. The data during the first nine of the year indicate annual growth of 2.3 percent
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Hiring balance turns negative in Dec, 2024 balance down by 46,300 jobs
EconomyMacroeconomy. The hiring balance in December last year was positive by 18,496 more hires, leading to a year-on-year... classed as layoffs and termination of contracts. Layoffs rose by 21,835 year-on-year, while voluntary exits were up by 6,548. Hirings were down by 4,331 jobs compared to December last year, while
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Negative hiring balance in Jan, but figures improve YoY
EconomyMacroeconomyGreece’s employment balance started the new year with a negative balance, as there were 15,450 more... system. The hiring balance in January last year was negative, with 31,997 more departures. This led to a year-on-year improvement of 16,547 more jobs. The hiring balance has now been negative
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Sharp drop in unemployed figures pushes unemployment rate to 8.6 pct in Feb
EconomyMacroeconomyshowed on Tuesday. In February last year, the unemployment rate was 11.5 percent. Despite minor... in May 2008. Year-on-year, the number of employed people increased by 72,436 people, with total... peaked at 1.36 million out of job in July 2013. The inactive population increased by 43,660 people year
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Unemployment rate edges up marginally to 9 pct in Mar
EconomyMacroeconomy. In March last year, the unemployment rate was 10.8 percent. Despite minor fluctuations in recent... peaked at 28 percent in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed people increased by 22,835 people, with total employment comfortably
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