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Unemployment steady at 11.6 pct in Dec, employed rise by almost 80,000 YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained stable in December at 11.6 percent, unchanged from November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In December last year, the unemployment rate was 12.9 percent. These are the lowest jobless rates Greece has
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Trade deficit records rare drop of 10.6 pct in Dec, widens by 50.7 pct for full year
EconomyMacroeconomyFor the first time in months, Greece’s trade deficit recorded a drop year-on-year (YoY), falling by 10.6 percent at the close of 2022, after a rise of 27.7 percent in November, according to data released by ELSTAT on Tuesday. The deficit came to 2.94 billion euros for December. Imports totalled
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Mitsotakis sets out to shore up support ahead of elections
PoliticsGreek Politicsto Western Macedonia, Patras, Thessaloniki, Imathia, Thrace and Crete since November. It adds that if early
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Newsletter 370 - 17/02/2023
drop in November. The 12-month rolling move, which covers the full 2022, the index is up by 27.7 pct.
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Current account deficit exceeded 20 bln last year, up from 12.27 bln in 2021
EconomyMacroeconomyGreece closed 2022 with a current account deficit of 2.66 billion euros, down from 3.93 billion euros in November 2022, Bank of Greece (BoG) data showed on Monday. In December 2021, the balance showed a deficit of 2.28 billion euros, while in December 2020 the current account posted a deficit
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Polls indicated support for two main parties growing as start of elections marathon looms
PoliticsGreek Politicsbe worse, 25 pct said the same and 25 pct said better. In November, the proportion of those believing
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Newsletter 371 - 24/02/2023
, from 3.93 billion euros in November. But he year closed with the highest current account deficit
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Growth of retail sales slows to 8.8 pct in Dec amid decline in volume of food sold
EconomyMacroeconomyThe growth in Greece’s retail sales slowed down in December, rising by 8.8 percent year-on-year (YoY), from 12.6 percent growth in November, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The annual average growth for 2022 was 12.3 percent. The corresponding volume index dropped
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyin December, and 4.5 percent in November. The outstanding balance of private sector deposits
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Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
EconomyAs expected, Moody’s kept Greece’s credit rating at ‘Ba3’ on Friday, while it improved the outlook from stable to positive. Moody’s has not taken an upgrade action since November 2020 and has Greece three notches from investment grade, behind the rest of the leading rating agencies who have
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