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Strong VAT, income tax revenue and restrained spending drive strong primary surplus in Sep
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 9.45 billion euros up to September, compared to a surplus of 8.76 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on M...
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Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
EconomyMacroeconomyQoQ decline posted in Q3. In addition, Q4 GDP fell 1.2 percent YoY, less than half the drop of 2.6... with a higher drop in imports compared to that of exports, which almost halved the trade deficit... consumption eased 0.1 percent QoQ in Q4, decelerating from the 1.1 percent QoQ drop in Q3, and 0.9 percent
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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomyon quarter (QoQ) in the second quarter (Q2) of 2016 after a revised drop by 0.1 percent in Q1, Hellenic... in Q2 after a revised flat growth in Q1, while it increased by 0.8 percent YoY, after a drop of 0.8... the 1.9 percent QoQ drop recorded in Q1. Three of the four business indicators displayed a deteriorating
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Newsletter 247 -10/04/2020
that in March, Greece’s manufacturing switched from a trend towards pre-crisis recovery to a sharp drop... significant short-term effects on the real estate market.” This trend will reverse a strong year in 2019...’s trade deficit increased by 7.8 percent year-on-year (YoY) in February compared to a drop of 9.8
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Newsletter 276 -04/12/2020
significant drop in the number of coronavirus-related deaths and as ICU units remained in high demand... translated into a 2-point drop in support for New Democracy since June, according to ProRata. Support... to 6.6 percent in 2022. This is a notable drop from the previous outlook’s projection of a drop in GDP
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Rise in Greek car sales slows to 7.5 pct in November
EconomyMacroeconomyis registers more than half of total motor vehicle circulation licenses, posted a modest drop of 0.8... average. This year’s strong rebound follows a modest rise of 1.3 percent recorded last year. However, vehicle registrations posted a sharp drop in excess of 30 percent in each of the prior three years
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Car sales soar 24.5 pct in April
EconomyMacroeconomyis the highest reading since July 2010. The strong rebound is probably attributed to increased interest... reading since July 2010. Following the strong performance in April, the aggregate figures for the 4-month period point to 5.2 percent rise in additional motor cars from a drop of 2.4 percent
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Newsletter 80 - 01/07/2016
-performance largely reflects the ongoing strong underspend recently, coupled with revenue outperformance.... Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... its strong objections to a draft bill including the concession agreement that was due to be ratified
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Newsletter 123 - 16/06/2017
the beginning of the year, largely on the back of a drop in the ECB funding by 6.73 billion, as Greek banks... million to 41.16 billion in May after remaining broadly stable in April. The drop in May is the highest... and 63.4 percent respectively in March. Following the strong performance in March, the aggregate figure
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Newsletter 160 -04/05/2018
by strong demand and new business from abroad. This led to exports growing for the seventh consecutive... continued at a strong pace during April. As demand slowed, firms responded with lower levels of input buying.... Business confidence hit a new survey high in April with improving financial conditions and strong
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