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Retail sales remain on upward path, rising by 16.8 pct YoY in Feb
EconomyMacroeconomyand footwear at 47.3 percent, pharmaceuticals by 29.8 percent and furniture up by 32.1 percent. Department stores sales were up by 19.2 percent. The annual volume increase was led by clothing and footwear up by 38.3 percent, with pharma products close at 30.3 percent and furniture at 30.3 percent
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Where is Odysseus? Part 4 - Unemployment and Employment
Agoraa kind of automatic stabilizer built in. When unemployment goes up very high, the surplus of unemployed..., which hurts competitiveness and lowers investment, hence lifting unemployment up again. Every... be adjusted up or down, then workers and their labor unions will be cautious with labor cost demands
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Reflections on Greece's balance of payments
Agora) speeds up (the supply of goods and services expands, generating more income (Y)); or consumption... are seeing a drop in their current account positions because of the common energy import price shocks... suddenly dried up in late 2008, Greece had no choice but to cut back spending. This caused the sense
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Car sales contract by 8.2 pct YoY in Feb amid drops for used passenger vehicles and lorries
EconomyMacroeconomyin 2022, a drop of 7 percent. Passenger cars decreased by 5.3 percent, with the absolute figure standing at 14,974. The remainder was made up of lorries (2,155) down by 17.5 percent and buses (104) up 18.2 percent. Motorcycle sales decreased by 14.7 percent from a year earlier to 3,045
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Jobs in hotels, hospitality push April hirings balance to near-record level
EconomyMacroeconomywas 124,365 more hires, an all-time April record, suggesting a minor drop of 1,286 jobs. Total... are up by 11,971 year-on-year, while voluntary exits were up by 721. Hires were up by 11,406 jobs compared to April last year, while departures are also up by 12,692. The proportion of hirings for full
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomy2019, employment has increased by an impressive 19 pct, despite a drop of 6 pct in 2020 to 2.05 million workers. Gross earnings in May this year were up by 7 pct, largely incorporating the rise... grew by 5 pct, with the cumulative growth since 2019 up by 14 pct. Of course, the 7 pct increase up
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Newsletter 404 - 01/12/2023
parliamentary group will be made up of two ex-SYRIZA factions: The left-wing “Umbrella” group led... pct in its previous forecast. The outlook for the euro area is at 0.9 pct for 2024, up from 0.6 pct.... For Greece, HICP is expected to drop to 2.8 pct in 2024 and 2.4 pct in 2025. The OECD’s growth outlook
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Newsletter 415 - 08/03/2024
. The bill allows foreign universities to set up non-profit subsidiaries in Greece, thus circumventing... inevitably end up being resolved by the Council of State. This outcome appears to have been part... intensified opposition accusations that the bill is part of a longer plan by New Democracy to open up
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CPI at 3 pct in Aug, on upward trajectory for three straight months
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up further pace in August with a rise of 3...-on-month, the CPI increased by 0.3 percent, from a drop of 0.7 percent in July. In August 2023, the CPI was up by 2.7 percent YoY. The price index was in deflation for the 12 months prior to May 2021
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Revision of GDP to have varied knock-on effect
EconomyMacroeconomy. ELSTAT revised up the growth outcome for last year, from 2 pct in the March first estimate to 2.3 pct... is on a strong recovery path since the 9.2 pct drop suffered in 2020 due to the COVID-19 outbreak. At constant 2020 prices, Greek GDP in 2023 was 196.98 billion euros, up by 4.5 billion euros from
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