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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomya double-digit toll on economic activity. The forecast on contraction for this year is at -10 pct.... The crisis is set to deal a major blow to the budget, leading a deficit of -9 pct of GDP this year
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Snap election scenarios circulate as ND's pandemic response fuels surge in polls
PoliticsGreek Politics, the country looks set to avoid the devastating healthcare crisis visited on many of its European partners... circumstances a governing party would be sorely tempted to double down based on such appealing poll
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Square reveal puts ND on the spot
PoliticsGreek Politicsparties, who accused New Democracy of double standards since the mayor’s set-piece event led
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Greece gears up to secure slice of smaller tourism pie this summer
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is set to announce on Wednesday how Greece plans to re-open its tourism sector, a move that is seen by the government as vital to dampening the economic impact... tourism pie.” For the government, there would be a double benefit from salvaging something from the peak
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Newsletter 251 -22/05/2020
what it can of this year’s summer season by unveiling a set of measures this week, while admitting... slice of the much smaller tourism pie.” For the government, there would be a double benefit from
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Multiple fronts and falling revenues pose pensions challenge for government
EconomyFeaturespeople for every old person over 65 according to a set of statistics released by the European... will be double the number of births by 2070. Old age dependency will increase from the current four
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OECD releases new outlook calling for sustained reforms post Covid-19
Economywas interrupted by the coronavirus pandemic. The OECD repeated its previous estimates that GDP is set to shrink by between 8 to 9.8 percent in 2020 depending on whether there will be a single or double
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Tourism numbers continue to worsen as worries grow over second Covid-19 wave
EconomyFeaturesAs Greece moves into its summer high tourism season, the industry continues to warn of a lost summer in terms of revenue, as cautious tourists stay away. According to an index set up by the Hellenic... for 17 of the new cases, almost double the daily average of the previous week. Officials from EODY
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Newsletter 266 -18/09/2020
discussion about whether the authorities acted promptly, New Democracy unveiled a set of tax breaks... that the debt will officially be double the size of the economy, although Stournaras notes
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New bid to curb Covid-19 raises demand for more economic support
PoliticsGreek Politics. According to a report in Naftemporiki newspaper on Friday, the Finance Ministry is set to redesign... is expected to double in size to 1.2 billion euros. Half of this will likely be in the form of grant
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