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Newsletter 65 - 04/03/2016
of a primary surplus of 3.5 percent of GDP. In contrast, the EC and the government estimate a lower... percent contraction it foresaw in its flash estimate on February 12. The reported figures point... lower than the initial estimate incorporated in the third bailout programme of a recession of 2.3
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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomy. Athens now sees 2017 growth settling at 1.6 percent, well below the initial estimate. The Finance...). In fact, private consumption only grew by half the original estimate, 0.9 percent. Investment also reached just over half the estimate, increasing by 5.1 percent. The growth of exports did
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyfor 2016. The MoF, Bank of Greece (BoG) and the EC estimate a mild GDP contraction of 0.3 percent, while OECD’s estimate stands a bit lower at 0.2 percent. In contrast, IMF sees a marginal GDP expansion of 0.1 percent. For the full year MoF and EC estimate of a GDP contraction of 0.3 percent to be met
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ND hopes economy will pick up as second stage of lockdown easing begins
PoliticsGreek Politics. It is estimated at 6 billion, 2.9 pct of GDP, for next year. Greece is below the euro area average... by the European Stability Mechanism to euro area member states. Each country will be allowed to draw... had their contracts suspended, are due to return to work. The government estimates that after
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OECD report paints grim picture for Greece's labour market
EconomyMacroeconomy) and Portugal (14.3 percent). In the euro area the jobless rate stood at 11.6 percent in May... a 1.7 percent increase recorded in 2012. The respective figure for the euro-area countries grew 0.8... percent lower than the OECD average and 26.8 percent that of Spain. Compared to the other euro-area
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Newsletter 269 -16/10/2020
for hydrocarbon resources in an area that Athens claims to be part of its continental shelf. The Greek Foreign... area rose by 3.8 percent while volume increased by 7.5 percent. On a regional basis, YoY rises were... in the aggregate period stood at 10,573. Surface area increased by 17.4 percent, and volume increased
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IMF argues case for further reform of pension system
EconomyProgramme. Meanwhile, although social security contribution rates of 26 percent in Greece stand above the euro area... the highest in the euro area. Despite cuts in pensions in previous years, the average pension... in the euro area, at around 81 percent at the end of 2013, almost 30 percentage points above the eurozone
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Mitsotakis bids for nation's soul, Tsipras ramps up handouts
PoliticsGreek Politicswent on to blame the recent deadly flooding in the area of decades of neglect, suggesting... minister pledged to invest in the area over the coming years and to create a new university there. The government also announced over the weekend that workers in the area who have not been able to return
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Mati fire investigation puts spotlight on authorities and government
PoliticsGreek Politics, the government has sought to highlight the role of illegal construction in the fire-stricken area northeast... from the danger area and containing the fire. In a radio interview on Thursday, New Democracy’s... winds and the way the area had been built, but admitted that authorities had clearly not coordinated
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PM inspects flood damage hoping to rescue stricken government
PoliticsGreek Politicsare needed, to help the area recover from this week’s flooding and to carry out the necessary work... that anti-flooding work promised following the impact of Cyclone Ianos in the area in 2020 has... been without running water for days after the storm battered the area earlier this week. She said
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