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Newsletter 272 -06/11/2020
November 30, would allow a return to relative normality in time for the holidays and the busy pre... injections to households and businesses, starting with the first round in the second half of November..., by the end of November the first payments from the Bridge mortgage subsidy scheme, for which more than
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Newsletter 282 -29/01/2021
rise in Greece's new tax debt came to 847 million euros in November, data from the Independent... in October. The VAT collectability rate came to 85.2 percent in November, showing 780.8 million... collectability rate came to 73.3 percent with 1.69 billion paid out of 2.31 billion due. As of November
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Nov budget data confirms tax revenue outperformance at 784 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.88 billion euros up to November 2021, compared... budget by 1.1 billion euros. Expenditure, excluding interest payments and the public investment... euros above the revised target. The budget balance up to November recorded a deficit of 12.27 billion
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Credit growth slows to 0.9 pct in Jan as loans to enterprises record highest net outflow since 2018
EconomyMacroeconomya rise of 1.4 percent in December and 1.1 percent in November, Bank of Greece (BoG) figures released... rising by 1.92 billion euros in December and 470 million euros in November. The outstanding balance... by 1.93 billion euros, and 538 million euros in November, taking the balance to 63.53 billion euros
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GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
EconomyMacroeconomypercent rise in services and 1.1 percent decrease in imports of goods. Compared to Q3 2021, all... for 2022 and 5 percent for 2023. In the latest financial stability report, published in November, the Bank.... The latest European Commission forecasts, published in mid-November, see GDP growing by 6 pct this year
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Industrial production drops by 0.9 pct YoY in Nov for third straight decline
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) stayed in negative territory in November, falling by 0.9... by 2.4 percent, and manufacturing increasing by 0.8 percent, partially offset by drops of 1.1 percent... in November. Since January last year, industry confidence is down by roughly 13 points. In addition
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Energy fuels producer price fall of 8.9 pct in Nov, but non-durable consumer goods keep rising
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the ninth successive month in November, dropping... percent in November this year. Month-on-month (MoM), the index fell by 0.8 percent in November, after... 1.1 percent, durables up by 2.2 percent and non-durable consumer goods increased by 5.9 percent.
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Industrial turnover resumes growth in Oct with 0.9 pct YoY, manufacturing leads way
EconomyMacroeconomy1.1 percent. This is the first annual growth after back-to-back drops in the two previous months... indicators, Greece’s Manufacturing PMI recorded a moderate drop in November, falling to 50.9 points... business indicators for November, industry confidence stayed in positive territory for the third
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Nov sees rise of 2 pct YoY in retail sales, up 2.7 pct MoM
EconomyMacroeconomyGreece’s retail sales resumed growth in November with a rise of 2 percent year-on-year (YoY), after.... The corresponding volume index also had a rise of 1.1 percent YoY. Volumes have decreased annually for seven months in 2024 and November reversed four consecutive months of contraction. On a monthly
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Significant post-election economic challenges await Greek coalition
Economymeasures, as stated by the Eurogroup on 27 November 2012, will be considered in the context of the next... at 5.2 billion and is seen as a drain on market liquidity. Restoring growth GDP contracted 1.1 percent... to be achieved GDP needs to grow by 1.1 percent in each of the next three quarters. This would require
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