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  1. Commission keeps outlook on Greece stable, sees growth picking up this year
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    Economy

    projections for Greece, which see real GDP growing by 1.6 percent in 2017 and by 2.5 percent this year.... While private consumption remained flat during the first three quarters of last year, net exports have.... This year and next, private consumption will accelerate as the conditions in the labour market

    5%

  2. Displaying seasonal features, Feb hirings balance beats last year by 11,212 jobs
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    for the month of February. Compared to the same month last year, there were 11,212 more hirings. Total hirings... months of the year was the third highest on record since 2001. The respective balance for the same period last year was 86 meaning that in the aggregate period this year, an additional 5,421 jobs were

    5%

  3. Unemployment drops to 16.9 pct in Q2, hitting eight-year low
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    ) of the year, dropping notably from a rate of 19.2 percent noted in Q1, Hellenic Statistical... rate has been since Q2 2011, when the rate came to 16.5 percent Compared to the same period last year... activities (+20,500). The three sectors displaying the biggest year-on-year (YoY) declines in hires

    5%

  4. Latest T-bill auction nets near-zero yield, rounding off landmark year for sovereign debt
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Greece is rounding off the most successful year in its sovereign debt since 2010, and after three... downward throughout the year. Exactly this time last year, the 52-week auction attracted 1.14... auction that took place in December last year had a yield of 0.9 percent and the opening 26-week

    5%

  5. General govt primary cash deficit at 720 mln in January, as social security funds start year in deficit
    Photo by MacroPolis

    EconomyMacroeconomy

    (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social security funds (SSFs) with a fall of 434 million euros from a year earlier... time last year showed a surplus of 386 million. An increase was seen in local government with a rise

    5%

  6. Retail sales soar by 38.9 pct YoY in April, a year after first lockdown
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index jumped by 38.9 percent year-on-year (YoY) in April, following a revised... on Wednesday. This is the first rise of the index since October last year and it reflects the base effect of last year’s first lockdown, which was lifted at the start of May. The corresponding volume index

    5%

  7. Building permits jump by 62.9 pct in May, from year-earlier lockdown
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits increased by 62.9 percent year-on-year (YoY) in May after an increase of 124.5... compared with 19 last year. During the first five months of the year, building permits rose by 41.7... the turn of the year, construction has recovered sharply, from -25.5 points.

    5%

  8. Economic sentiment drops by 3.1 pts in Dec, little change in consumer confidence over year
    Photo by Gerarsimos Domenikos/Fosphotos

    EconomyMacroeconomy

    the pandemic. Since the start of the year, the ESI has increased by 18.5 points. The indicator hit... dropped sharply by 8.8 points to 37.5, coming off the year high. This year, services confidence has... year high, improved by 37.3 points since the start of the year. Finally, the construction confidence

    5%

  9. Property prices rise again in Q4 2021, taking full-year increase to 7.1 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The rise in the nominal value of apartments in Greece accelerated to 9.1 percent year-on-year (YoY... percent, from 4.5 percent observed in 2020, despite the first year of the pandemic. In 2019, prices... in November, increasing by 42.9 percent year-on-year (YoY), from 18.4 percent in October.

    5%

  10. Budget starts year where it left off in 2022, beating target by 618 mln in Jan
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance in January this year came to a surplus of 2.77 billion euros, compared... Ministry (MoF) budget execution data released on Thursday. In the first month of the year, the budget... to the better performance of the previous year’s taxes collected in instalments until the end of February

    5%