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Fitch leaves rating unchanged at 'BBB-', ups outlook to positive
EconomyMacroeconomywas revised up from stable to positive. Fitch granted Greece the investment grade at the end of 2023... drop in public debt to 154 pct of GDP—down 10 percentage points from 2023 and over 50 points below
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Trade data captures reflects challenges as exports fall 14.5 pct in Apr
EconomyMacroeconomy, while those from non-EU countries had a sharp drop of 24 percent. Exports to EU countries dropped... up by 3.4 percent YoY, while imports from non-EU markets were down by 8.4 percent. Exports to EU
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Newsletter 469 - 04/07/2025
4.35 million, while there was a significant drop of almost 26 pct in the number of unemployed... sales rose by 12.6 pct and food and beverages were up by 20.6 pct. Clothing and footwear also recorded
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Government hopeful of weathering subsidy scandal despite public’s finger of blame
PoliticsGreek Politicsfor PASOK in the latest sounding is up half a point on May. The forecast for Course of Freedom has dropped 2.3 points over the last two months. There was also a notable drop in the PM’s popularity since
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Mining drives growth of 0.5 pct YoY in industrial production for June
EconomyMacroeconomyin manufacturing, and a 16.2 percent increase in mining, partially offset by a 3 percent drop in water... 2024, industry confidence is up by over 12 points. In addition, Greece’s manufacturing PMI dropped
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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
EconomyMacroeconomysector peak in Q3 each year and the build-up in hiring for the high season in Q2. A total of 411,722... drop by 12 percent compared to the same quarter of 2024. The number of people employed amounted
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Jobs in education lead negative hiring balance of 20,728 in July
EconomyMacroeconomyhad 34,979 more departures. This led to a year-on-year drop of 14,250 fewer departures. However...-time and shift work made up 38 percent and almost 10 percent of hirings, respectively. In July, hirings
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
EconomyMacroeconomymovements in Q1 were led by a drop of 0.1 percent QoQ in final consumption. Investments increased... services were up by 3.9 percent. Goods imports were down by 4.8 percent and imports of services rose
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Fitch rating upgrade concludes another successful year for GGBs
Economydrop in 2024. Though still nearly triple the BBB-median debt ratio, the figure has fallen more than..., closing a painful 15-year cycle that kicked off with the debt crisis. S&P in April also moved Greece up
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Lost decades for Greek incomes tell different story to recovery narrative
EconomyMacroeconomyat the bottom of the table with a 5% drop in household real income, followed by Italy with a 4% decline.... It is reflected in Greeks’ ability to keep up with housing-related payments: more than four in ten
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