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Newsletter 291 - 02/04/2021
before the pandemic outbreak. Separately, Greece’s economic sentiment (ESI) rose by 5 points month... points. Retail turnover drops by 5 pct in January Volume decreases 3 percent, led by decline... lockdowns. Greece’s retail sales index decreased by 5 percent in January following a revised drop
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GDP rises by 4.4 pct QoQ in Q1 and falls 2.3 pct YoY
EconomyMacroeconomy, growing 2 percent QoQ. Compared to Q1 2020, exports fell 13.4 percent while imports dropped 5.... The IMF sees a rise of 3.8 percent in GDP for 2021, followed by a further recovery of 5 percent in 2022. The OECD this week predicted that GDP will rise by 3.8 percent this year and 5 percent in 2022.
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Economic sentiment slides further in Aug, consumer confidence drops sharply
EconomyMacroeconomy112.3 points in the previous month. The EEI is up roughly 5 points in the rolling 12-month period... confidence is now up by roughly 5 points on the rolling 12-month. Retail trade improved further to 24.8 points, from 19.3 in July, now down almost 5 points from September last year. Construction confidence
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Economic sentiment drops in Oct, spurred by retail and construction
EconomyMacroeconomypoints, from -51.3 points in the previous month. Consumer confidence is roughly 5 points lower... dropped now into negative territory to -0.6 points, from 5 points previously. The index is currently down by roughly 5 points on a rolling 12-month basis.
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Tsipras in Brussels prep for Obama trip
PoliticsGreek PoliticsAngela Merkel. The one-on-ones were set up as the European Union worries in private but publicly ignores... warmed to the subject in recent weeks. The national debt is set to hit a massive 315 billion euros... of low interest repayment rates set by creditors. If the talks in Brussels go well, the government
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Labour market reforms did exactly what they were supposed to
Agoramoderation and led to higher prices. The wage-bargaining processes set relatively high minimum wage... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... sector wages did not stay intact for long. Although the first set of labour market reforms did
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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammelow and the interventions that are due to be announced look set to fall below the bar set... for the last few weeks after being satisfied that Athens has met the targets that had been set... euros. The government is estimated to have already set aside around 6 billion euros
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Banks and government inching towards new framework to protect primary homes
EconomyProgrammehomeowners have to repay each month. It has set aside 150 million euros this year for this purpose... foreclosure is to be set will be between 100,000 and 120,000 euros. The talks are set to continue this week... Commission set to issue its report on February 27, it was made clear at Monday’s Eurogroup that a range
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A campaign that leaves Greece in pain
Agorathe fact that as the ruling party it has the most prominent platform and the biggest duty to set... ended up in such a profound economic and social crisis because the rot set in over many years, well... that derailed the country. They set the bar high but have spent much of the last five years content to pass
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Mitsotakis earns space to govern with big win, Tsipras limits damage
PoliticsGreek PoliticsSolution on 3.7 percent and MeRA25 on 3.48 percent. Far-right Golden Dawn looked set to miss out... for, the result was close to the target that would have been set by Mitsotakis. However... majority in Parliament for New Democracy, which is set to claim 158 of the 300 seats. This means
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