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  1. EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    Economy

    in negative territory in 2016, while the drop in consumption is expected to be partly offset... drop by 0.1 percent in 2016 and rebound by 3.8 percent in 2017. Unemployment is seen edging down

    4%

  2. Greece seeks to mend fences with Austria but frets about EU-Turkey deal
    Photo by https://flic.kr/p/G8YjP3

    PoliticsForeign Policy

    led to the significant drop of refugee numbers, Kurz claimed. The Greek foreign minister claimed... situation, which has seen the number of migrants arriving in Greece drop dramatically, is causing acute

    4%

  3. Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    payments rose at a higher pace of 13.7 percent to 158.5 million, resulting in a drop of the March... million last year. The stable performance in travel receipts reflects a drop in non-residents arrivals

    4%

  4. Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9

    EconomyMacroeconomy

    in the past four months by 1.8 points to -71.9 in May. The rise in May offset a similar drop recorded..., which was the highest reading since November 2014. Following a sharp drop by 10 points in April

    4%

  5. Unemployment rate eases to 24.1 pct in March, lowest in four years
    Photo by MacroPolis

    EconomyMacroeconomy

    fell by a much slower pace of 0.6 pp to 28.8 percent. The breakdown by age showed a drop... percent. The latest European Commission estimates point to a slight drop in the unemployment rate to 24.7

    4%

  6. Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement... reading since January 2015. The recorded drop in Central Bank funding in May almost equally reflects

    4%

  7. Turnover in services sector deteriorates in Q1

    EconomyMacroeconomy

    out of the 14 services activities recorded a drop in Q1 with the most remarkable decreases... displayed a sharp drop quarter on quarter (QoQ) with the most notable nosedives in architectural

    4%

  8. Current account deficit narrows to 822 mln in April

    EconomyMacroeconomy

    largely stems from a drop in the goods’ deficit by 276 million coupled with an increase in the primary... change. Similarly to the April performance, the drop in the services’ surplus is mostly due

    4%

  9. PMI falls back into contraction territory in July, landing at 48.7 pts

    EconomyMacroeconomy

    drop in new orders. New orders have been falling for 23 months while the drop in business

    4%

  10. Building activity soars 35.4 pct in July mostly reflecting a low base effect

    EconomyMacroeconomy

    Greek building permits strongly rebounded by 35.4 percent in July, after a drop of 21.7 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline figure for July... a notable deterioration by 7 points to -59.5 in September extending the year to date drop to 10.4

    4%