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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomy. The IMF estimates Greece going into a deep current account deficit of 7.7 pct of GDP, from a 2.1.... The Fund is broadly in line with the fiscal estimates of the Finance Ministry this year and for 2021, although there is some divergence in the debt level estimates that Athens does not see exceeding 200
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CPI down 1.3 pct in April as Greece remains in deflation for 14th month
EconomyMacroeconomyand footwear (-2.2 percent) and hotels, cafes and restaurants (-2.2 percent). The latter’s movement... beverages and tobacco were the two sectors posting price increases at 2.2 and 0.9 percent respectively... turned negative at -0.9 percent for the first time in more than 45 years. The recent estimates
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Newsletter 95 - 11/11/2016
to a decline in clothing and footwear (-2.2 percent), miscellaneous goods and services (-1.6 percent), food... production by 2.2 percent, while electricity, water supply and mining and quarrying production fell by 2.8, 3... production by 2.2 percent, which accounts for 70 percent of the index. In contrast, electricity production
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Newsletter 186 -07/12/2018
. GDP shows annual growth of 2.2 pct in Q3 New investment framework drafted to attract business... of services rose by 2.2 percent QoQ. Final consumption expenditure edged down by 0.2 percent... by 2.4 percent QoQ. GDP grew by 2.2 percent year-on-year (YoY) after a slight downward revision of Q2
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Greek tourism: Hopeful yet uncertain for 2016
EconomyFeaturesroughly 9 percent of GDP. An estimated 23.6 million non-domestic arrivals were recorded in 2015 (cruise ships excluded), generating 13 billion euros in revenue, a 7.7 percent increase according...After a bumper tourism year in Greece last year, where an estimated 25 million visitors beat
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturessocial security funds (SSFs). In 2016, when employers paid 7.7 billion euros and households 10.9 billion.... It is estimated that this adjustment will result in an average pension reduction of 14 percent for around... to an estimated 20.6 billion euros in 2017. Funding by the state Public pension funds have run a deficit since
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Territorial waters, hydrocarbon research cause friction between Athens and Ankara
PoliticsForeign Policyto try to convince them that Greece is set to snatch 40,000 square kilometres from Libya's continental shelf. Akar also claimed that Turkey and Libya almost have neighbouring sea borders (EEZ or continental shelf). The signs are that Turkey is seeking a more active role in Libya. Akar's statements
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Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
PoliticsForeign Policyon the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based... Ankara for the sake of either the EU-Turkey deal on migration, or developments related to Libya
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Athens poised to take next steps on maritime borders
PoliticsForeign Policydeposits by US ExxonMobil southwest of Crete provoked the reaction of Libya’s GNA government... and the Exclusive Economic Zone when there is a relevant agreement with Libya. The same diplomatic.... The same sources believe that this move could lead Greece and Libya to refer their dispute to the ICJ
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Athens pleased about new EU-Egypt deal, seeks closer ties with Cairo
PoliticsForeign Policywith flows to the Italian and Greek (from Libya to Crete) coasts. Europe is offering a "strategic... urgently needs Egypt to control migration flows from its borders with Libya and, secondly, to improve its... not control the border with Libya, from where Sudanese refugees and Egyptian migrants cross
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