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After Greece clambers back to investment grade, what lies ahead?
Agorathat it ended up signing, GGBs had five upgrades from S&P, handing over a rating of ‘BB-‘ with positive outlook... was beginning to pick up pace, and completed the programme it signed in the summer of 2018. In the process... if times get rocky in the markets, Greece is fully funded for up to three years. Both SYRIZA and New
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PM changes tune on inflation, ready to take further steps
PoliticsGreek Politicspct year-on-year (YoY) in December, up from 3 pct in the previous month. The aggregate CPI for 2023 was 3.5 pct in 2023. ELSTAT’s index for food prices was up by 8.9 pct YoY in December, barely changed... in the subcomponents. The price of olive oil was up by 58.5 pct, while vegetables were up by 14 pct
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Retail sales recorded 3.7 pct rise in 2023, but volume dropped by 3.3 pct
EconomyMacroeconomy. The volume’s monthly movement was up by 3.1 percent. Compared to December 2022, automotive fuel was down by 0.3 percent, non-food was up by 4.9 percent and food sales were up by 13.4 percent. Retail sales were led by a 9.1 percent YoY rise in food and beverages, while supermarket sales were up by 14
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Economic sentiment improves further in May, consumer confidence dips
EconomyMacroeconomyGreece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points... of the previous high of August 2023. Over the rolling 12-month period, the ESI in May is up 1.7...) remained the same at 122.6. The EEI is up by 2.5 points in the rolling 12-month period. Industry
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Fuel and food trigger retail sales jump of 10.9 pct in Mar
EconomyMacroeconomyin the previous month. The volume’s monthly movement was up by 6.2 percent. Compared to March 2023, automotive fuel was up by 8.6 percent, non-food increased by 7.1 percent and food sales jumped by 16.2... equipment that contracted by 11 percent, with supermarket sales up by 16 percent and food sales
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Industrial turnover soars by 18 pct YoY in Apr, strongest since early 2023
EconomyMacroeconomy. Manufacturing revenue was up by 17.8 percent, with the mining and quarrying also jumping by 41.8... in the domestic market increased by 17.2 percent, while the non-domestic market was up by 19.4 percent... of 10.1 percent in manufacturing, and mining and quarrying up by 20.4 percent. Monthly, the domestic
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Newsletter 429 - 28/06/2024
for back-up to support him. Kasselakis claimed that the aim of the discussion around unifying... in providing their final sign-off. The RRF could add up to 1.5 pct to GDP growth by 2026 and not reaching... that led to several support initiatives that simply ended up in the coffers of oligopolies in the form
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PASOK sees post-leadership election boost as Androulakis unveils shadow cabinet
PoliticsGreek Politicssignificant lead. PASOK has, however, picked up over 2 percentage points to rise to 15.3 pct from... with 9.3 pct, while support for the parties to the right of ND sums up to 17.3 pct. Communist Party KKE emerges fourth with 8.6 pct, having picked up 0.9 pct, while SYRIZA has slumped from 9.1 pct to 6.5
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Rivalry between New Democracy and PASOK set for revival
PoliticsGreek Politicsis now his main political adversary – a judgement that was backed up by a new opinion poll published... for ND stands at 22.5 pct, up half a point from September, while PASOK’s backing has risen to 15.3... to PASOK, which has picked up 11.6 pct of SYRIZA voters, according to the poll. In contrast, PASOK has held
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Employment and wage data explains why Greeks struggle to see growth dividends
Agoraa "best performer" in this area. In the run up to the latest round of consultations for the new minimum wage, some troubling data was brought up in the public debate, mostly from the research arm of Greece.... This places Greece among the worst in the EU. Rents take up 40.5 pct of incomes, fourth highest
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