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Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate moved closer to the 10-percent mark again.... Although the jobless rate did not manage to hold below the 10-percent mark, these are Greece’s lowest... Ministry’s Ergani database showed that Greece’s employment balance was strong in March, with 63,689
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Opposition takes aim at cost of living
PoliticsGreek Politicsof the party’s parliamentary team requested a debate in Parliament on the cost of living. Sokratis... of the government’s growth narrative by the opposition parties on the occasion of May Day. Speaking.... Androulakis argued that the government’s rejection of tax cuts amounted to an admission
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomyIn its latest economic outlook, the OECD is slightly more optimistic about Greece’s growth... for complacency as the economy’s structural challenges need to be addressed and the public spending the economy..., reaching the ECB’s target towards the end of next year. Unemployment will remain just short
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ND appears on track for election goal, opposition labouring
PoliticsGreek Politicsas the conservatives won in the last Euro vote five years ago. A Pulse survey for Skai TV put New Democracy’s... of New Democracy’s projected score. If this turns out to be accurate, it would allow the PM to argue... on a difficult second term for the government and the fractious mood within SYRIZA following Kasselakis’s
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Industrial turnover back in contraction again in Mar, falling by 6 pct YoY
EconomyMacroeconomyGreece’s industrial turnover fell sharply in March, dropping by 6 percent year-on-year (YoY) from... increased by 8.2 percent. On sentiment indicators, Greece’s Manufacturing PMI remained in expansion... of the steepest in over two years. Meanwhile, from the European Commission’s business indicators for April
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PM appeals to Brussels over high prices, sparking opposition scorn
PoliticsGreek Politics, which is relevant to the upcoming elections. One of the PM’s main lines of argument heading... cultivated a close relationship with von der Leyen, who he has hosted on Crete. SYRIZA’s scorn SYRIZA dismissed the PM’s letter to the head of the European Commission as a publicity stunt. The main opposition
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Inflation and property data cloud economic picture
EconomyMacroeconomyhighly concerned about the cost of living, ahead of next month’s vote. The national CPI for April... characteristics to the phenomenon. As such, the government’s policy choices are coming under more scrutiny... prices The centre-right administration’s narrative of economic success was also questioned
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From default to investment grade: A brief history of Greek debt
AgoraIn 2009, Greece’s ballooning budget deficit raised concerns about the sustainability of the country’s debt. This triggered a crisis that lasted almost a decade. It led to three adjustment programmes... rate to a peak of 28 per cent. Given that Greece’s general government debt has exceeded 350 billion
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Unemployment rate unchanged at 10.8 pct in Apr
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed unchanged in April, landing at 10.8.... These are Greece’s lowest figures since 2009, although the rate appears to struggle to break through... the Labour Ministry’s Ergani database showed that Greece’s employment balance had another strong month
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Industrial turnover soars by 18 pct YoY in Apr, strongest since early 2023
EconomyMacroeconomyGreece’s industrial turnover took off in April, rising by 18 percent year-on-year (YoY) from a 6.1... to sentiment indicators, Greece’s Manufacturing PMI remained in expansion in May, though it slightly moderated...’s business indicators for May, industry confidence stayed on positive ground at 3.6 points, up from
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