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Budget primary deficit improves by 7.2 bln YoY in 2021, beats target by nearly 2 bln
EconomyMacroeconomyThe budget primary balance for the full year landed at a deficit of 10.99 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. The primary balance is well ahead of the target set
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Despite job losses in Q4 2021, year closes with positive hirings balance
EconomyMacroeconomyGreece’s employment balance remained negative in December as departures outpaced hires by 2,598, according to data from the Labour Ministry’s Ergani information system. This followed a negative balance of 79,129 more departures than hires in November. The balance in December 2020 was positive
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Economy, before yesterday’s issue. The shifting landscape is also evident when compared to last year’s data, when
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Worsening goods balance pushes current account deficit to 2.52 bln in Nov, highest since 2011
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2.52 billion euros in November, from 780.8 million euros in October, Bank of Greece (BoG) data showed on Thursday. In November 2020, the balance showed a deficit of 1.24 billion euros, while in November 2019 the current account posted a deficit
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Disposable income grows by 6.2 pct in Q3, saving rate turns negative
EconomyMacroeconomyHousehold disposable income increased by 6.2 percent year-on-year (YoY) in the third quarter (Q3) of 2021, from 7 percent in the second quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The absolute figure was 33.52 billion euros, from 31.55 billion euros
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Building activity continues rising with 18.4 pct increase for permits in Oct
EconomyMacroeconomyThe number of building permits issued in Greece continued rising in October last year, increasing by 18.4 percent year-on-year, following a rise of 11.2 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The total number of permits was 2,122, from 1,792 in October
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Reflecting annual base effect, retail sales rise 19 pct in Nov but fall on previous month
EconomyMacroeconomyGreece’s retail sales experienced a significant annual recovery in November, rising by 19 percent year-on-year (YoY) from a downward revised 10.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday. It should be noted that in November 2020 Greece’s second lockdown
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Rising yields, market turbulence limit government's fiscal options
Economywith roughly 20 billion euros more debt at 198 pct, according to PDMA data. As we brought
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Despite strong exports, trade deficit ends 2021 33.8 pct higher
EconomyMacroeconomyGreece’s trade deficit maintained its upward momentum in December, rising by 79 percent year-on-year, from a jump of 93.1 percent in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The deficit came to 2.69 billion euros for the month. Imports
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Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 8.7 percent year-on-year (YoY) in January, following a rise of 21.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In January 2021, the year-on-year change was a drop of 27.8
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