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  1. Government offers free holidays, bigger fines and more hirings in evolving fire response
    Photo by MacroPolis

    PoliticsGreek Politics

    by the tourism industry. Airport arrival data for the first six months of the year indicates that 27.4 million people landed in Greece, a rise of almost 11 pct on last year and 2019, which was a record year..., which is that many of this year’s fires were the result of human actions rather than the record

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  2. Q2 unemployment rate drops to 11.2 pct, employed increased by 3.4 pct QoQ
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s non-seasonally adjusted quarterly unemployment rate moved only marginally in Q2 this year... percent. The number of long-term unemployed (more than 1 year) came to 319,400 people, representing 59.9... than four years, though it dropped sharply by 13.8 percent year-on-year. Most of the employed

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  3. Newsletter 394 - 22/09/2023

    Newsletters

    pct of GDP this year and double above 2 pct of GDP in 2024 Athens is in a tight fiscal framework... that the last quarter of the year will carry the effects on the GDP number as agriculture and manufacturing... earmarked until the end of the year, partly in response to Storm Daniel. There has been extensive

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  4. IMF forecasts high primary surpluses, tempers growth expectations
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    . In the World Economic Outlook (WEO), real GDP growth is seen at 2.5 pct this year, slowing down to 2 pct.... However, the IMF’s estimate for next year is significantly lower than the 3 pct forecast of the Greek... is seen lower to 2.8 pct in 2024, from 4.5 pct this year and normalizing to 1.9 pct in 2028. The current

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  5. Energy a key driver for further import prices drop of 14.6 pct in Aug

    EconomyMacroeconomy

    Greece’s import price index continued to contract in August, falling by 14.6 percent year-on-year... a year. February was the first negative number since January 2021, when the index had dropped by 4.8 pct. After that, the index expanded until January this year. The index peaked in April last year

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  6. Newsletter 399 - 27/10/2023

    Newsletters

    the global pandemic, Greece got three further upgrades from S&P first in April 2021, a year later... in the draft budget for next year. Greece has to deliver on this goal for decades to come and it has been... the interest expenditure bill to levels not previously expected. Up to September of this year, Greece

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  7. Newsletter 401 - 10/11/2023

    Newsletters

    crash, which claimed 57 lives in February of this year. Kasselakis has also shown an active interest... that the sector could have full-year net profits that could exceed 4 billion euros in 2023. Most... came on top of the circa 4 billion euros in the same period last year. The largest NII increase

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  8. Annual contraction of import prices slows in Sep, index growing MoM since Jun

    EconomyMacroeconomy

    compared to recent lows as it fell by 9.2 percent year-on-year (YoY), after dropping by 14.6 percent.... The consecutive negative readings now stretch back more than half a year. February was the first... until January this year. The index peaked in April last year with a 39.1 percent rise. Growth has

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  9. Unemployment drops marginally to 10.8 pct in Q3
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s non-seasonally adjusted quarterly unemployment rate moved only marginally in Q3 this year.... The number of long-term unemployed (more than 1 year) came to 310,300 people, representing 60.3... four years, though it dropped sharply by 9.3 percent year-on-year. Most of the employed are working

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  10. Newsletter 412 - 16/02/2024

    Newsletters

    slowed in January to 3.1 pct, from 3.5 pct in December last year, this movement is led by the drops... to last year, while there has already been a very modest drop of 0.4 pct in electricity costs. Food... by rising by 6.4 pct year-on-year, with crop output prices up 6.5 pct and animal output prices up by 6.3

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