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Amid promising signs for tourism, govt hedges its bets with targeted support
PoliticsGreek Politics, and 27 deaths. Daily hospitalisations were down to 173 compared to 218 discharges, while the number
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PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomydirection with unemployment stable, deflation slowing down, and the current account balance improving
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Current account shows deficit of 2.08 bln in April as trade continues overall rebound
EconomyMacroeconomy, worsening by 55.2 percent year-on-year (YoY). The services balance came to a surplus of 302.3 million, down
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MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid
EconomyMacroeconomy. On the macro front, the economy is seen rebounding by 6.2 pct in 2022, before slowing down to 4.1 and 4.4.
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesAt the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed as being unlikely to pay. Several years down
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Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomyeuros, below target by 22 million. Broken down by category, VAT was below its target by 384 million
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Q1 unemployment at 17.1 pct amid drop in employed, rise in inactives
EconomyMacroeconomyquarter of 2020 Broken down by age group, the highest unemployment rate continues to be found
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Delta variant shifts goalposts for tourism season and vaccinations
PoliticsGreek Politicsthey said is achievable by September provided citizens come forward to be vaccinated. A slow-down
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Govt calls on local businesses and banks to free up capital for investment
PoliticsGreek Politicsfor the positive work that he claims his government has done as the clock ticks down to the next elections
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Labour compensation and productivity in the EU-27 and Greece
Agoraprecise) per hour(-s) worked. Thus, we can think of the productivity developments in a way “upside down
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