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Newsletter 428 - 21/06/2024
. This contributes to the European Commission’s very modest long-term growth outlook of just 1 pct, which brings
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Greece out of fiscal spotlight, but economic imbalances still a worry
Economylong-term growth outlook of just 1 pct, which brings Brussels in line with the long-term outlook
4% -
Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyby 1 percent. According to the latest business indicators for June, consumer confidence moved up
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Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomy1.28 million, against 1 million departures.
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CPI stable at 2.3 pct in June, food prices drop below headline figure for first time since 2022
EconomyMacroeconomymonth. Month-on-month, the HICP was up by 1 percent. In June, the annual CPI movement was led by a 2.1
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Tough choices ahead for Mitsotakis, as reforms risk irking voters
PoliticsGreek Politicsattempts to defend the measure by describing it as “5+1 days” rather than six has been widely ridiculed
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Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
EconomyMacroeconomyincreased by 1 percent, with the absolute figure standing at 20,831. New passenger cars rose by 5.6
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Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance
Economyheadline deficits of under 1 pct of GDP in the 2024-2029 period. This will keep the debt dynamics
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Opposition slams PM's positive assessment of Athens wildfire response
PoliticsGreek Politicswhich estimated that Greece has utilised just 1 percent of the half a billion euros of RRF funds
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Primary balance 4 bln above target in Jul due to underspend and tax performance
EconomyMacroeconomyeuros and roughly 1 billion euros in non-allocated expenditure. Interest payments came to 5.84
4%