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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomyperiod last year, private consumption increased by 1 percent in Q2, from stable in the previous quarter... by 1 percent this year. Investments Gross capital formation declined by 2.2 percent QoQ following
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyperiod, rising by 443 million (1 percent) to 43.03 billion in the first seven months of the year... lending was largely unchanged and came to 2.38 billion euros, or under 1 percent of the total
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Newsletter 173 -07/09/2018
the 1 percent of GDP reduction in pension spending from next year. Both the government... year, private consumption increased by 1 percent in Q2, from stable in the previous quarter
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Mixed picture for government after first day of talks with creditors
EconomyProgrammeand 2020, as had originally been the plan. When the government agreed to legislate in 2017 1 percent... to yield another 1 percent of GDP, in 2020, it did so on the proviso that it would be able to implement
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Unemployment rate falls to 19 pct in Q2
EconomyMacroeconomy-on-quarter, taking the figure to under 1 million for the first time since Q3 2017. This was combined... declines. The number of long-term unemployed (over 1 year) declined for a sixth continuous quarter
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammeit has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given... the draft budget to Greek Parliament on October 1, and then to the European Commission two weeks later
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Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
EconomyMacroeconomylifted on cash withdrawals from October 1. In addition, Greeks abroad will be able to withdraw up... activities as well. From October 1, business people and companies will be able to send up to 100,000 euros
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammeYork, that the 1 percent of GDP in pension spending reductions would not be included in the draft... workers and for there to be a 1 percent reduction on contributions for auxiliary pensions.
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Newsletter 177 -05/10/2018
was set,” added Centeno in reference to Athens agreeing to reduce pension spending by 1 percent of GDP... social spending, were due to be implemented in just 2019 and 2020, balancing for the 1 percent
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Newsletter 179 -19/10/2018
pension cuts of 1 percent in GDP. One of the two scenarios in the economic plan – the one... of the differences between the draft budget tabled in Greek Parliament on October 1 and the plan sent
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