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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgrammeincluding the prior actions needed for the disbursement of the next sub-tranche of 2 billion. The bill... retirement age limits gradually increase as of August 19 until January 1, 2022. 2) The minimum pension... by November 15 to unlock the second sub-tranche of 1 billion. The two sub-tranches of 2 and 1 billion
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomyupward revised to 2 percent of GDP from 1.8 percent in the draft budget, above target of 1.75... anticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates... for pensioners (95 million) and other interventions (50 million). 2) Savings from non-public sector
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Does the EU Commission suffer from optimism bias? (Part 2)
Agorathat member states (strategically) adopt this scenario as their own (for which there is evidence[2... emerges when we take the added effort to turn on System 2, or “Slow Thinking,” based on analysis... on “The Macroeconomy of the European Union: A Work in Progress” (in this blog text referred to as “the Book”). [2
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Stability Programme sees improved growth, primary surplus above 2 pct from 2024
EconomyMacroeconomy. The primary balance rises above 2 pct of GDP next year, up to 2.5 pct of GDP by 2026, which is broadly.... Private consumption will continue to grow by 2 pct in the two next years, towards a more moderate..., reaching 2 pct in 2025. Unemployment only falls below 10 pct in 2026, at 9.8 pct.
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Industrial production returns to growth of 2 pct in September
EconomyMacroeconomythree contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent... a drop of 2 percent, after an increase of 0.9 percent in the previous month. The annual movement... business surveys for October, industry confidence went deeper into negative territory to -4.3, from -2
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomygrowth accelerated to 2 percent year-on-year (YoY), from a 1.6 percent YoY rise in Q2. Growth over the nine months of the year averages to 2 percent, needing a slightly stronger finish in the last... pct in 2026. In its latest WEO released in October, the IMF sees growth of 2 pct in 2025 and in 2026
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Greece - Some structural macroeconomic arithmetic
Agora, as we saw above. With 2 percent inflation, that makes for 2¾ percent nominal growth. If the 60 percent... suggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent... officials and economists suggests that potential output growth may hover “around 2 percent
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Our most popular stories in 2014
Agoraenterprises (SMEs). The report finds that 60 percent of the turnover is in the hands of SMEs, compared.... The evolution of houses by type showed that the annual growth rate of detached houses eased by 0.2 percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit annual growth
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyThe Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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Industrial turnover rebounds 2 pct in November
EconomyMacroeconomyGreece’s Turnover Index in Industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday... increases were posted in consumer non-durables (+5.2 percent) and intermediate goods (+2 percent
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