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  1. EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    Economy

    in 2016 against a strong recovery of 2.9 percent envisaged in its spring forecasts. The current EC... of 2 percent in 2016, while a strong double-digit rebound of 14.7 percent in forecasted in 2017... of 2015 that will consequently weigh on household disposable income. The better-than-expected

    5%

  2. Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years

    EconomyMacroeconomy

    index recorded a strong rebound by 9 percent after slipping by 1.5 – 2.5 percent QoQ in the preceding... index fell by more than 29 percent. When Q3 data is taken into account, this decline stands at 22.8... percent in Q2. Compared to the previous quarter, a strong rebound of 17.3 percent was recorded. Note

    5%

  3. Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015

    EconomyMacroeconomy

    in supermarkets (-5.2 percent) and electrical and household equipment (-4.8 percent). On the flipside, strong... due to the Christmas period. Almost all store categories posted strong growth rates month on month... percent. This primarily reflects a nosedive of more than 30 percent in household disposable income

    5%

  4. Primary cash surplus widens to 2.85 bln in Q1

    EconomyMacroeconomy

    . Ordinary budget revenues eased 0.2 percent to 3.31 billion in March. However, the strong performance... of 132 million euros in March almost 80 percent lower than last year. However, the Q1 PIB surplus soared by around 44 percent to 1.3 billion due to the strong performance in the first two months

    5%

  5. IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    than 1.5 percent of GDP over the long-run. On the growth front, the report underlines two key concerns that undermine the assumptions for a strong economic recovery in the coming years. The first... course. The Fund argues that upfront debt relief would send a “strong and credible signal to markets

    5%

  6. Car sales jump by 20 pct in October

    EconomyMacroeconomy

    posted in September with the absolute figure standing at 7,668. Following the strong performance..., slightly higher than the 12.7 percent recorded in the January to September period. Passenger cars... per annum in each of those three years. So, despite a strong rebound of 13.5 percent in 2015

    5%

  7. Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
    Photo by David Rankin https://flic.kr/p/AntsE2

    EconomyMacroeconomy

    making up around 83 percent of car sales, while more than 62 percent are registered in the Attica... 2010-2012, when car sales fell by 30 percent in each of those years. The strong rebound posted in the last three years is mainly attributed to renewal of rent-a-Car fleets, due to the strong tourism

    5%

  8. European Commission positive on Greece's macro and fiscal prospects
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of GDP, mostly due to revenue overperformance and restrained expenditure. The higher than expected revenues primarily stem from strong growth in indirect taxes and corporate income tax as well... that the strong revenue performance in 2016 “implies considerable upside risks to the forecast which augurs well

    5%

  9. Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    of 10.7 percent in goods more than offset by a sharp decline of 14.1 percent in services. However, EC... and the IMF point to a strong recovery of 2.7 percent for 2017. The Finance Ministry also expects... be pointed though most organisations stress that the anticipated strong rebound in 2017 is subject

    5%

  10. Car sales hit the accelerator in Feb, increasing by 43.1 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of car sales, while more than 57 percent are registered in the Attica prefecture. Following the strong... recorded in each of the last four years with a cumulative strong rebound of 66 percent from the low

    5%