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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomyIn its latest economic forecasts published on Monday, OECD revised downward its GDP estimates on Greece and is now expecting a recession of 1.4 percent in 2015 and 1.2 percent in 2016. In its...’s latest estimates for 2015 and 2016 are in line with those of the European Commission (EC
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Unemployment down for second straight month in August, falls to 24.6 pct
EconomyMacroeconomydeclined by 70,500 to 1.12 million. The Manpower Employment Organisation (OAED) latest figures..., by almost 2 points to 47.9 percent for those aged 15-24 and a 3.4 points for 25-34 years. The latest
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MP's departure ahead of multi-bill vote highlights pressure on coalition
PoliticsGreek Politicsreports that Sakellaridis was intending to abstain from the vote on the latest multi-bill, which is due... deputy, Stathis Panagoulis, is considering not voting for the latest round of measures. Independent
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Turnover in the tourism sector falls 8 pct in Q4, first negative reading since Q1 2013
EconomyMacroeconomy. The latest data by the Association of Greek Tourism Enterprises (SETE) displayed international tourist... of the domestic economy in 2015. Based on the latest ELSTAT figures, the recession stood at 0.2 percent last
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomyIn its latest economic survey on Greece published on Thursday, the OECD stressed the domestic economy is gradually recovering but that high social costs persist. In addition, the organisation says... will contract by 0.1 percent in 2016, much slower than the 1.2 percent estimated in its latest economic
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Building activity down 18.8 pct in January, permits hit new low
EconomyMacroeconomy, as the construction sector was among the mostly harmed from the Greek crisis. The latest Bank of Greece (BoG... euros over this period. The BoG’s latest figures show almost 40 percent of outstanding housing loans
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IMF sees contraction of 0.6 pct this year before strong rebound in 2017
EconomyThe International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after... forecasts pointed to a jobless rate of 27.1 percent in 2017. It is worth noting that the latest EC estimates
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Parliament's budget office highlights economic challenges beyond bailout
EconomyMacroeconomyThe economic challenges that Greece faces should it conclude the first bailout review with the institutions are outlined in the latest quarterly report of the Parliamentary Budget Office (PBO). The report notes that based on the latest available information, the negotiations with the institutions
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomywith cumulative net deductions close to 12.7 billion over this period. BoG latest figures show almost 40... of September. The latest construction confidence indicator published by the European Commission showed
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Opposition tries to pin government down over last year's Plan X
PoliticsGreek Politicsas possible this week over this issue following the latest revelations regarding events in 2015... itself from Galbraith’s latest comments. On Wednesday, Alternate Finance Minister Giorgos
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