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IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
EconomyProgramme. As the economy closes the output gap that accumulated during the crisis, unemployment will fall... despite some of the labour market reforms during the crisis having contributed to improving... of the legal reforms. The IMF commends the enormous efforts Greece has made during its adjustment programmes
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Improving trends in property market highlighted by central bank
EconomyBankingnoted during 2017 and into the start of 2018. However, it was also noted that this stabilisation..., and will gradually align objective values with commercial ones. Commercial property During 2017.... During the second quarter of 2017, the year-on-year price increase was more pronounced at 3.7 percent
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Newsletter 170 -13/07/2018
unemployment rates. During the month, employment fell by 40,758 persons month-on-month, representing... during the month, the second highest balance recorded for the month of June since records began... in May Aggregate figure for first five months shows rise of 0.2 pct During May, positive growth was noted
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More changes needed to unlock private sector's potential, report says
EconomyFeaturesthe reforms implemented during its three adjustment programmes have not had the desired impact, a study... and that investment and innovation conditions have only improved by a limited amount during... to the structure of the Greek economy during the crisis and that few sectors have experience growth. “Large firms
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May current account shows surplus of 191.5 million as underlying indicators improve
EconomyMacroeconomy. Financial account Residents’ net external assets rose by 508 million euros during May. The most notable investment during the month was stated by the BoG as the transfer of 5 percent of OTE SA...-bills. During the aggregate period, residents’ external assets under direct investment increased
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June current account shows surplus of 208.8 million as imports outpace exports
EconomyMacroeconomyago. Financial account Residents’ net external assets rose by 308 million euros during June. No notable transactions were noted during the month. Portfolio investment showed a net increase... fall in non-residents' holdings of Greek government bonds and T-bills. During the aggregate period
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Coalition tweaks labour market, lines up more post-MoU changes
PoliticsGreek Politics, during which they were reined in, is one of the government’s key pledges and one of the headline items... to sweep the coalition away during the summer. Tsipras appears to be attaching particular weight... in a referendum and during the parliamentary process in both countries, Skopje will change its
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Mitsotakis eyes tax cuts to jump-start economy, also seeks unity but not with SYRIZA
PoliticsGreek Politics. Nevertheless, the conservative chief said during his speech that a New Democracy government would rip up... as easily look to his left as his right. During Sunday’s lengthy Q&A session with journalists, the former... that Tsipras did not make any reference during his speech at DETH to plans to make the public sector more
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Another austerity fighter to bite the dust
Agoraat stabilizing the eurozone during and after the debt crisis of 2010 have sought redress in the courts, hoping... and depositors during the re-organisation. Those who saw part of their investment disappear have complained... surfaced in Greece too, mostly centred on losses incurred during the PSI, another instance of bailout
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Trade deficit grows by 15.1 pct in August and falls by 1.8 pct in 8-month period
EconomyMacroeconomyconsecutive months during which the deficit has grown. Imports continued to outpace exports in absolute... in exports. Imports during the period rose by 9 percent. The absolute figures for imports and exports during the period came to 36.51 billion and 21.96 billion, respectively. Imports from EU countries
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