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  1. CPI at 3.1 pct in Jan, foods up by 8.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    . Month-on-month, the CPI decreased by 0.8 pct, from a drop of 0.1 percent in November. In January 2023.... These were partially offset by a drop of 2.7 pct in housing costs due to decrease, mainly, in the prices

    2%

  2. Record year for Greek tourism raises concerns about sustainability
    Photo by MacroPolis

    EconomyFeatures

    a drop in arrivals. Mykonos airport received 1.7 percent fewer visitors, mainly due to a 5.9 percent drop in international passengers according to figures published by operator Fraport Greece

    2%

  3. Is Greece on track to decouple from fossil gas?
    Photo via https://flic.kr/p/9bNvX6

    Agora

    production will drop from 14.6 TWh in 2023 to 11.7 TWh in 2030. With such a limited use of gas... in the NECP. In this case, the share of renewables in 2030 will drop below 82% (i.e the NECP target

    2%

  4. Unemployment rate climbs back above 10 pct in Jan
    Photo by MacroPolis

    EconomyMacroeconomy

    , a drop of 6.5 percent. Unemployment has over the recent months fallen below the half million-mark after... (pps) year-on-year and came to 13.2 percent, while the rate for men stood at 8 percent, a drop

    2%

  5. CPI at 2.9 pct in Feb, food prices up by 6.7 pct
    Image: MacroPolis

    EconomyMacroeconomy

    -on-month, the CPI increased by 0.1 percent, from a drop of 0.8 percent in January. In February 2023... percent. These were partially offset by a drop of 0.3 percent in housing costs due to decrease

    2%

  6. Retail sales back in contraction for Jan, as volumes fall by 8.9 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales went into contraction in January, with a drop of 2.3 percent year-on-year (YoY), after upwards revised growth of 7.6 percent in December, Hellenic Statistical Authority (ELSTAT... by 0.2 percent, a 5.5 percent drop in foods and non-food down by 20 percent. According to the latest

    2%

  7. Newsletter 419 - 05/04/2024

    Newsletters

    , a significant drop of more than 37 pct, from the 8 billion euros of 2022. That said, FDI in 2022.... The unemployment rate was 11.2 pct in February last year. There was a negligible drop in the unemployed

    2%

  8. Deposits reverse contraction in Mar with 1.67 bln growth
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    The net private sector deposits in the Greek banking system increased in March with a rise of 1.67 billion euros, after a 1.07 billion euros drop in February, based on the latest Bank of Greece (BoG... to 197.21 billion euros, after a 1.8-billion euros drop in February.

    2%

  9. EC makes minor adjustment to growth forecast, at 2.2 pct for 2024
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    year, at 9.7 pct from 10.1 pct in 2024. The current account balance will drop slightly to 5.2 pct of GDP deficit in 2024 and drop further to 4.8 pct of GDP next year. Inflation is expected to slow

    2%

  10. Central govt debt drops to 405.54 bln in Q1, bonds rise by 3bln

    EconomyMacroeconomy

    Greece’s central government debt recorded a drop of roughly 1 billion euros to 405.54 billion euros in Q1 2024, the Finance Ministry's (MoF) debt bulletin showed on Monday. The Q1 debt movements reflect a drop of nearly 2.5 billion euros in repos and lower Financial Stability Mechanism (FSM) loans

    2%