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Does the EU Commission suffer from optimism bias? (Part 2)
Agorathat member states (strategically) adopt this scenario as their own (for which there is evidence[2... emerges when we take the added effort to turn on System 2, or “Slow Thinking,” based on analysis... on “The Macroeconomy of the European Union: A Work in Progress” (in this blog text referred to as “the Book”). [2
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Stability Programme sees improved growth, primary surplus above 2 pct from 2024
EconomyMacroeconomy. The primary balance rises above 2 pct of GDP next year, up to 2.5 pct of GDP by 2026, which is broadly.... Private consumption will continue to grow by 2 pct in the two next years, towards a more moderate..., reaching 2 pct in 2025. Unemployment only falls below 10 pct in 2026, at 9.8 pct.
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Industrial production returns to growth of 2 pct in September
EconomyMacroeconomythree contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent... a drop of 2 percent, after an increase of 0.9 percent in the previous month. The annual movement... business surveys for October, industry confidence went deeper into negative territory to -4.3, from -2
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomygrowth accelerated to 2 percent year-on-year (YoY), from a 1.6 percent YoY rise in Q2. Growth over the nine months of the year averages to 2 percent, needing a slightly stronger finish in the last... pct in 2026. In its latest WEO released in October, the IMF sees growth of 2 pct in 2025 and in 2026
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyThe Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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Industrial turnover rebounds 2 pct in November
EconomyMacroeconomyGreece’s Turnover Index in Industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday... increases were posted in consumer non-durables (+5.2 percent) and intermediate goods (+2 percent
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Industrial production falls by 2 pct in February
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) declined by 2 percent in February after a 1.2 percent fall in January, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday. February’s...). The seasonally adjusted IPI fell by 2 percent, and came to 94.63 for February. The aggregate
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Wages index rises by 2 pct in Q1 and 4.9 pct YoY
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rose by 4.9 percent year-on-year (YoY) in the first quarter (Q1) of the year, after a rise of 2 percent in Q4 2017, Hellenic Statistical Authority (ELSTAT..., the index rose by 2 percent, picking up pace from a rise of 0.2 percent in the previous quarter
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Government readies up to 2 bln in assistance for shuttered firms and employees
EconomyFinance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros. The measures... and processing tax refunds as soon as possible. Total state arrears stand at around 2 billion euros
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CPI falls by 2 pct YoY in September
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in September compared to a decline of 1.9 percent seen in August, Hellenic Statistical Authority (ELSTAT) figures showed... for September rose by 2 percent compared to August. The CPI remains at its lowest rate since July 2015 when
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