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DBRS keeps rating at BBB, ups outlook and sees upgrades if conditions improve
EconomyMacroeconomyDBRS kept Greece’s rating unchanged at BBB (Low) on Friday, while it upped its outlook to positive... trend, or a reversal in structural reforms. The picture for Greece’s rating has essentially.... The Greek authorities now turn their attention to Moody’s, which is scheduled to publish its review
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Industrial Production grows 10.6 pct in Jul as electricity and manufacturing lead way
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in July by 10.6 percent year-on-year (YoY), after.... According to the European Commission’s latest business surveys for August, industry confidence went... last year, industry confidence is now down by 1.7 points. In addition, Greece’s Manufacturing PMI
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Unemployment edges down to 9.5 pct in Aug
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in August..., is Greece’s lowest since September 2009. Monthly unemployment peaked at 28 percent in July 2013.... The latest available data from the Labour Ministry’s Ergani database showed that Greece’s
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Kasselakis question continues to dog diminishing SYRIZA
PoliticsGreek Politics, Kasselakis’s candidacy will have to be approved by the party before he can participate in the ballot... in writing that he will respect the decisions taken by the party’s collective organs, and he will have... by SYRIZA’s various bodies, it means he will have indirectly approved the central committee decision
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Growth of industrial production moderates to 3.1 pct YoY in Aug
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in August by 3.1 percent year-on-year (YoY), after... in electricity supply and 0.5 percent in water supply. According to the European Commission’s latest... points. In addition, Greece’s Manufacturing PMI continued to moderate further in September, dropping
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Draft budget maps out narrow fiscal path for coming years
EconomyMacroeconomymoderated but is still prevalent in Greece at around 3 pct. This, combined with the government’s... it will be easier to measure its efficiency in due course. Although the government’s line of argument holds.... The lion’s share of the higher spending comes from 1.07 billion euros from the reforms in the public sector
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IMF forecasts add to concerns about sluggish growth ahead
EconomyMacroeconomyGreece’s economic outlook received another dose of reality this week as the IMF published... of the Fund on Greece’s growth potential, even when the Fund was more closely involved in the Greek adjustment programmes. This comes on top of the Finance Ministry’s own growth estimates that were
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Unemployment drops further in Sep, dipping to 9.3 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in September..., is Greece’s lowest since September 2009, just as it was about to enter the severe debt crisis. Monthly... the rate in the 25-74 years bracket was 9 percent. The latest available data from the Labour Ministry’s
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Drop in industrial turnover accelerates to 7.9 pct YoY in Sep as manufacturing falls sharply
EconomyMacroeconomyThere was an acceleration in the decline of Greece’s industrial turnover in September, dropping... to sentiment indicators, Greece’s Manufacturing PMI recorded a moderate recovery in October, rising.... Meanwhile, from the European Commission’s business indicators for October, Industry confidence
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Unemployment rate edges up to 9.8 pct in Oct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in October..., is Greece’s lowest since September 2009. Monthly unemployment peaked at 28 percent in July 2013. The series.... The latest available data from the Labour Ministry’s Ergani database showed that Greece’s employment
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