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S&P awards investment grade, bringing arduous cycle for economy to a close
Economyin May 2010. S&P moved Greece up by one notch to ‘BBB-‘, with a stable outlook. After the upgrade... that will underpin the growth outlook in the period up to 2026 and will keep the debt trajectory..., a development that would affect the debt reduction effort. The debt load is expected to drop to 146 pct
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Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln
EconomyMacroeconomyGreece’s central government debt recorded a drop of almost 2 billion euros to 402.88 billion euros... reflect a drop of nearly 4 billion euros in repos and lower FSM loans by half a billion, partially offset by 2.5 billion euros of more bonds. FSM loans continue to make up the bulk of the total, accounting
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How Greece reduced its unemployment rate to less than 10 pct
Agoraand commerce fully reflect the property market’s difficulties, which saw prices drop by 40 pct... sector as it offered employment opportunities snapped up by immigrants in the run-up to the debt... for 2021 by ELSTAT shows a significant drop in foreigners, with some 100,000 fewer Albanians, 40,000 fewer
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Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar
EconomyMacroeconomyrecorded a decrease of 1.3 percent, after a drop of 1.7 percent in the previous month. The annual.... while water supply was up by 1.6 percent. Electricity supply recorded a strong rise of 8.2 percent. The manufacturing index drop was in wearing apparel, textiles, tobacco products, basic pharmaceutical
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Central govt debt drops to 405.54 bln in Q1, bonds rise by 3bln
EconomyMacroeconomyGreece’s central government debt recorded a drop of roughly 1 billion euros to 405.54 billion euros... reflect a drop of nearly 2.5 billion euros in repos and lower Financial Stability Mechanism (FSM) loans... up the bulk of the total, accounting for 56 percent. The value of FSM loans came to 227.11 billion
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Newsletter 432 - 06/09/2024
by one percentage point next year, rather than the 0.5 that had been planned. Another 0.5-point drop.... The ministry said that Greece had the largest drop in unemployment, the cumulative growth.... MacroeconomyCharts of the weekGDP Greek GDP grew by 1.1 pct quarter-on-quarter (QoQ), picking up pace from
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Building activity returns to growth with 15.2 pct YoY rise in Jul
EconomyMacroeconomya sharp drop of 1.7 percent in June, according to the data released by the Hellenic Statistical... in Eastern Macedonia and Thrace with 36.1 percent. The largest drop was in Central Greece with 24.4 percent..., permits were up by 20.5 percent YoY to 18,721. The corresponding surface area was up by 20.6 percent
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Retail sales start 2025 with 2.5 pct YoY rise, led by food
EconomyMacroeconomy, after a sharp drop of 5 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The corresponding volume index also had a rise of 1.9 percent YoY, from a 5.3 percent drop...’s monthly movement was up by 0.6 percent. Compared to January 2024, automotive fuel was down by 6.7
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Industrial turnover jumps by 13.4 pct YoY in Sep for first rise since Jan
EconomyMacroeconomyyear-on-year (YoY), from a 1.5 percent drop in August, according to data released by the Hellenic... percent, from a 1.8 percent drop in the previous period. Manufacturing revenue rose sharply by 13.2... in the domestic market increased by 13.7 percent, while the non-domestic market was up by 13 percent
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Retail sales rebound with 5.3 pct YoY rise in Oct
EconomyMacroeconomyGreece’s retail sales rose sharply by 5.3 percent year-on-year (YoY) in October, after a drop... percent YoY, from a 1.7 percent drop in September. On a monthly basis, the seasonally adjusted index increased by 2.5 percent. The volume’s monthly movement was also up by 2.5 percent. Compared
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