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  1. Current account deficit at 624.1 mln in October as goods balance worsens
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    , worsening compared to the figure from the same time last year when there was a deficit of 267.9 million, Bank of Greece (BoG) figures showed on Thursday. The deficit grew by 356.3 million euros year-on-year..., which led the balance to stand at 1.38 billion euros versus last year’s figure of 1.18 billion

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  2. SYRIZA looks towards bailout finishing line and beyond
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    last year following the conclusion of the second review. Each measure is worth 1 percent of GDP... by a year and implemented along with the pension cuts. This could be potentially disastrous for the coalition in political terms as 2019 is scheduled to be an election year. Clearly, Tsipras and his party

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  3. Primary cash surplus at 2.68 bln in Jan as revenues rise, expenditure falls
    Photo by MacroPolis

    EconomyMacroeconomy

    billion, up by 915 million against last year’s figure of 183 million. The breakdown revealed that revenues grew by 12.6 percent year-on-year and came to 4.16 billion in January, compared to 3.69 billion a year ago. Expenditure, which also includes the mentioned above amount for repayment of arrears, fell

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  4. GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    figure for Q4 is the slowest rate of growth for 2017, but provides Greece with the first full year of positive growth per quarter since 2014. GDP grew by 1.9 percent year-on-year (YoY) after upwards... of declining household consumption expenditure. Compared to the corresponding period last year, private

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  5. General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    million compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg... improved by 141 million euros to 332 million versus 191 million for January last year. Deteriorations..., the state budget primary surplus rose by 963 million to 1.55 billion compared to 588 million a year ago

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  6. Turnover in tourism sector up 7 pct in Q4, increasing by 9.9 pct in 2017
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    on Friday. The reading for the final quarter of the year marks the first year of continuous positive quarterly growth since 2014. The average increase for the year came to 9.9 percent, representing... to the BoG, the full-year figures for 2017 revealed that travel receipts rose by 10.5 percent to stand

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  7. Athens identifies drivers for growth as it draws up strategy for next years
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    growth that will start at 3.2 percent this year, 4.1 percent next, 4 percent in 2020 and 2021... the economic output was worth 226 billion. In constant prices and using 2010 as a base year, the Greek economy will growth by 2.3 percent this year, 2.5 percent in 2019 and 2.3 percent in 2020, before

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  8. January current account deficit at 585.8 mln as goods balance worsens
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    figure for a year ago showed a deficit of 339.8 million, meaning that the deficit has worsened by 246 million euros year-on-year. According to the BoG, this was driven by a worsening balance of goods... a deterioration of 36.2 million euros year-on-year and came to 293.6 million. The worsening

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  9. Debt, fiscal path still divide lenders ahead of Washington Group meeting
    Photo by IMF https://flic.kr/p/zBf1FT

    EconomyProgramme

    primary surplus demanded of Greece next year. Athens insists it is not necessary to implement both measures next year. It also disagrees with the Fund’s suggestion that the compensatory fiscal measures agreed last year should not be implemented in 2019. Greece’s position has the support of the European

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  10. February current account deficit at 1.29 bln as underlying balances worsen
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    figure for a year ago showed a deficit of 1.03 billion, meaning that the deficit has worsened by 263.3 million euros year-on-year. According to the BoG, the balance of goods improved by 120.8 million... to a deficit of 55.4 million euros, representing a year-on-year decline of 253.9 million euros

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