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Retail sales rise by 13.1 pct in Oct, led by fuels and non-food sectors
EconomyMacroeconomy. Retail sales have been growing continuously since April, after nearly one year of drop in sales due... was seen in clothing and footwear that rose by 31 percent, followed by automotive fuel sales up by 25.6 percent. Books, stationery and other goods increased 22.1 percent, supermarkets were up by 9.5
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SYRIZA challenges govt over Covid deaths again as pandemic numbers rise
PoliticsGreek Politicsthe issue of Covid-related deaths back up the political agenda. Mitsotakis, who tested positive... ends meet. Although this has not yet translated into a significant or sudden drop in support for ND... in Parliament. When the issue came up in December, Prime Minister Kyriakos Mitsotakis attempted
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Where is Odysseus? Part 1 - Demographics
Agora, the drop averages between 0.4 and 0.8 percent a year. Since labor availability in persons originates...] Unfortunately, the press likes to play up the headline numbers far too much, as though they are important...] It gets worse. Politicians often think that by pumping up aggregate demand (with public debt
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Growth in car sales slows to 7.6 pct in March
EconomyMacroeconomywas a drop of 1.6 percent. Car sales in March came to 17,661 compared to 16,731 last year, a rise of 5.6... increased by 10.7 percent, with the absolute figure standing at 15,137. The remainder was made up... months of 2022 came to 50,226, up by 8.8 percent, led by passenger cars at 42,934, followed by lorries
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Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
EconomyMacroeconomyauthorities, the two increases in the minimum wage this year, and savings that built up during the pandemic.... The debt stock will drop further in 2022 to 186 pct of GDP and down to 180 pct of GDP, thanks... for this year at 3.1 pct this year, though much more bullish for 2023, that is seen up by 4.8 pct. This leads
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New energy subsidy scheme nearing launch as public remains sceptical
PoliticsGreek Politicsof up to 600 euros, which is designed to help with the added cost of energy bills between December.... Backing for New Democracy edged up from 31.7 pct to 32 during that time, while SYRIZA’s ratings rose.... There was, though, a drop in the percentage of undecided voters, from 11.4 to 9.8 pct. The survey indicates
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Hiring balance slows in June as job market returns to normal levels
EconomyMacroeconomy, suggesting a drop of 54,389 jobs, partly attributed to the delay in hires last year as the pandemic... accounted for roughly 35 percent of the total, with the remaining classed as layoffs. Layoffs are up...-time and shift work made up 42 percent and 10 percent of hirings, respectively. In June, hirings were
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Building permits turn negative for first time in more than a year, falling by 10 pct in April
EconomyMacroeconomyin those regions. The biggest drop was noted in the Ionian islands with 36.8 YoY decline. In absolute... are up by just 1.3 percent to 7,343. The corresponding surface is lower by 3.2 percent while volume is up by 5.4 percent. This is a more subdued start from the 26.6 percent growth during the whole
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IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
EconomyMacroeconomyinto a surplus of 0.9 pct next year and maintain it on a growing scale up to 2027 when it reaches 2 pct of GDP... are broadly in line with those published earlier this year, in April. The general deficit will drop to 1.9... to 44.3 pct by 2027. Gross debt will remain on a downward trajectory as the economy picks up and primary
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyis expected to grow by 6 pct in 2022 in real terms, up from the 4 pct expected in the previous... forecast, and pick up pace again in 2024 to 2 pct. The fiscal path is seen on a downward trajectory..., in line with commitments and the debt sustainability assumptions. Debt will drop to close 162 pct
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