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  1. April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct

    EconomyMacroeconomy

    On a monthly basis, net revenues came to 3 billion euros, 1.19 billion euros lower than the monthly

    5%

  2. Alpha Bank posts net loss of 10.9 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    . Recurring operating expenses fell by 3 percent YoY to 250.6 million euros. This was largely driven by lower

    5%

  3. Credit growth in April marks first two successive months of expansion since 2010
    Photo by MacroPolis

    EconomyMacroeconomy

    . The net lending flow was marginally negative at 3 million, from 1.70 billion euros in March

    5%

  4. GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY

    EconomyMacroeconomy

    fixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3

    5%

  5. Newsletter 253 -05/06/2020

    Newsletters

    QoQ, while gross capital formation rose by 3 percent compared to Q4. Imports of goods and services

    5%

  6. Parties jostle over economic data, public still backs ND approach on pandemic
    Photo by MacroPolis

    PoliticsGreek Politics

    quarter-on-quarter. This was a much smaller contraction than the eurozone average, which was above 3 pct

    5%

  7. General govt primary cash deficit of 1.85 bln in Apr as revenues decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    (-3 million each). Extrabudgetary funds fell by 2 million euros, while rises were noted in tax

    5%

  8. Leaders clash over economy as PM looks on bright side of Eurogroup assessment
    Photo by MacroPolis

    PoliticsGreek Politics

    economy was on course to expand by close to 3 percent, but ended up contracting in the final quarter

    5%

  9. Distrust in news sources remains high, regardless of popularity
    Photo by MacroPolis

    Society

    , bringing the total to 32 percent. The use of Facebook Messenger for news fell by 3 pps to 22 percent

    5%

  10. Unemployment drops to 16.2 pct in Q1, excluding furloughed workers
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The Greek non-seasonally-adjusted unemployment rate stood at 16.2 percent in the first quarter (Q1) of the year, decreasing from a rate of 16.8 percent noted in Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate has declined by 3 percentage points (pps) from

    5%