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New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
EconomyMacroeconomyaccelerating from 2.1 pct this year to 3.6 pct in 2025. The unemployment rate will drop to 9.7 pct in 2025... of this year. The longer-term horizon estimates debt-to-GDP to drop to just short of 115 pct of GDP
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PMI at 50.3 in Sept after falling for six straight months, posting weakest reading in a year
EconomyMacroeconomy. Manufacturers responded with lower production volumes, leading to the first output drop in 20 months... production costs to customers. There was also a renewed drop in employment, and although job losses
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Building activity returns to growth with 15.2 pct YoY rise in Jul
EconomyMacroeconomyBuilding activity returned to growth in July, with a rise of 15.2 percent year-on-year (YoY), after a sharp drop of 1.7 percent in June, according to the data released by the Hellenic Statistical... in Eastern Macedonia and Thrace with 36.1 percent. The largest drop was in Central Greece with 24.4 percent
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Central govt debt at 404.29 bln thanks to drops in short-term notes and repos
EconomyMacroeconomyGreece’s central government debt recorded a drop of roughly 3 billion euros to 404.29 billion euros in Q3 2024, the Finance Ministry's (MoF) debt bulletin showed on Tuesday. The Q3 debt movements... in Q3, with a modest drop of less than half a billion from the previous quarter. Most of the FSM loans
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Government attempts to fight back amid opposition disharmony on Tempe tactics
PoliticsGreek Politicsis expected to progress to a fourth round next week, where the threshold will drop to 151. While next week’s... in Tempe has rendered his candidacy more controversial. To drop below this threshold, a handful
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Newsletter 451 - 14/02/2025
to a drop in GDP of only 0.05 pct. However, when second-round effects are included, the overall impact... in manufacturing, partially offset by a drop of 4.3 pct in mining. The manufacturing index was led
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Deposits continue to slide in Feb with 6.5 bln loss at start of 2025
EconomyMacroeconomybillion euros and household deposits of 149.15 billion euros. Despite the continued drop at the start..., after a 4.32-billion euros drop in January.
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Retail sales start 2025 with 2.5 pct YoY rise, led by food
EconomyMacroeconomyGreece’s retail sales started the new year with growth of 2.5 percent year-on-year (YoY) in January, after a sharp drop of 5 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The corresponding volume index also had a rise of 1.9 percent YoY, from a 5.3 percent drop
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Corporations lead deposit growth in Mar as total nears 200 bln
EconomyMacroeconomyand household deposits of 148.79 billion euros. Despite the continued drop at the start of 2025... a 774-million euros drop in February.
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Deposits resume rise in May, reaching 199.61 bln
EconomyMacroeconomyGreek banking system’s private sector deposits grew in May, with a net increase of 1.22 billion euros, after a 795-million-euro drop in April, according to the latest Bank of Greece (BoG) figures..., increased by 1.53 billion euros to 207.49 billion euros, after a 1.1-billion euros drop in April.
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