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  1. Retail sales grow for fifth month in a row but rate eases to 8.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Growth in Greece’s retail sales slowed down in August, rising by 8.8 percent year-on-year (YoY... showed on Friday. Retail sales have been growing continuously since April, after nearly one year... is now unchanged since the start of the year. Consumer confidence has been falling since the previous

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  2. Newsletter 315 - 05/11/2021

    Newsletters

    moral pressure on the unvaccinated once it became clear earlier this year that after a strong start... cases and more critical hospitalisations compared to a year ago, when the last national lockdown... that the package put together to ride out the energy hikes storm until the end of the year

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  3. EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    , that will have a cumulative effect of 3.6 pct of 2019 GDP over the forecast horizon to 2023. Next year... as a factor that will boost private consumption growth into the new year. That said, the government... is expected to drop to 15 pct next year and to 14.5 pct in 2023. The recent hike in energy prices does

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  4. Impact of inflation already widespread, but data suggests worse to come

    EconomyFeatures

    of the year. There is a wide-ranging scope that includes subsidies for electricity bills and doubling... beverages were up by 3 pct year-on-year in October, led by an olive oil price increase of more than 22... indicator for the imminent price pressures, when as early as March this year it jumped by close to 25

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  5. Apartment prices rise 7.9 pct in Q3, continuing upward trend
    Image by MacroPolis

    EconomyMacroeconomy

    The rise in the nominal value of apartments in Greece accelerated to 7.9 percent year-on-year (YoY... percent up to September this year. Property prices in Greece have been rising continuously since Q1... compared to 67.5 at the end of last year. Old apartments - those over five years old - saw

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  6. Retail sales rise by 13 pct in Sep as fuel has notable impact

    EconomyMacroeconomy

    Greece’s retail sales picked up pace again in September, rising by 13 percent year-on-year (YoY...) data showed on Tuesday. Retail sales have been growing continuously since April, after nearly one year... the start of the year. Retail trade dropped by 7.6 points MoM to 9.7 points, coming off the year high, yet

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  7. BoG sees banks on right path, warns impact of pandemic not visible yet
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    improved up to June this year, with the NPE stock down to 20.3 pct, from 30.1 pct at the end.... These schemes are due to conclude at the end of the year, so parts of the loans might come under pressure... booked in the first half of the year amounting to 4 billion euros due to the securitisation activity

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  8. Building activity up by 11.2 pct in Sep as steady rise continues
    Photo by MacroPolis

    EconomyMacroeconomy

    percent year-on-year to 1,982, after a rise of 12.7 percent seen in August, according to Hellenic... 1,782 in September last year as the sector was gradually gaining ground from the first strict... to 30 last year. During the first nine months of the year, building permits rose by 26.8 percent

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  9. Buoyed by improved tax revenues, budget deficit comfortably beats target at 7.88 bln in Nov
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the eleven months of the year landed at a deficit of 7.88 billion euros, compared with a deficit of 13.47 billion in the same period last year, according... in the aggregate period last year. The overall balance is ahead of the target by 1.14 billion euros

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  10. Unemployment drops to 13 pct in Q3, lowest since 2010, as employed exceed 4 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    to the previous quarter and 18.6 percent lower compared to the same quarter of last year. The number... 1 year) came to 408,700 people, representing 66.4 percent of the total unemployed. Alarmingly.... The self-employed with employees rose by 5.8 percent and employees increasing by 6.5 percent. Year

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