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OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
EconomyMacroeconomyThe OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities. GDP growth is projected to remain resilient at 2 pct in 2025 and 2.1 pct in 2026, supported by higher
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyGreece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday. This is the fifth consecutive positive reading after a period of contraction that started in March 2023. The index had
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was broadly
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... worsening liquidity conditions over the next weeks – an extra 2 percent of GDP in standby fiscal... 2015, when SYRIZA first came to power and what happened at the ballot box in September, when the third
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ProMacro_Scope
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Thinking outside of the box
AgoraThe issue of media freedom came up in Greece last week, but not because of the apparent clampdown by the government in Turkey following the failed coup. No, the political debate in Greece is much too esoteric to draw references from other parts of the w...
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High participation rate helps bond swap tick box
EconomyGreece’s Public Debt Management Agency (PDMA) announced on Wednesday that is on the verge of completing successfully the debt management exercise that it initiated on November 15. Greece had invited the holders of the bonds that were exchanged as part o...
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SYRIZA and ND shadow box over next presidential election
PoliticsGreek PoliticsNew Democracy denied on Thursday that it has any plans to propose former socialist prime minister Kostas Simitis or ex-PASOK leader Evangelos Venizelos as future presidential candidates amid a clash with SYRIZA over how to decouple the appointment of th...
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Newsletter 9 - 30/12/2014
box. The coalition was not able to convince any Democratic Left (DIMAR) or Independent Greeks MPs... of 5 percent to 2 percent for 10 years. This looks more like a debt reprofiling, with lower... percent, respectively, over the next five years. 2 Voting for brinkmanship The real economy needs
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