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  1. IMF aligns Greek projections with EU, revises down GDP
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    In its latest World Economic Outlook (WEO) published on Tuesday, the IMF presented its updated macro forecasts on Greece, which are based on data available on August 12. As expected, the IMF revised downward its GDP estimates, aligning them with those t...

    8%

  2. Retail sales down by 4 pct in August for third straight fall
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index dropped for the third successive month in August, albeit at a decelerating pace by 4 percent from 8.6 percent in July, Hellenic Statistical Agency (ELSTAT) data showed on Friday. The August figure is the seven...

    8%

  3. Car sales down by 13.8 pct in Oct for the second fall this year
    Photo by MacroPolis

    EconomyMacroeconomy

    The number of road motor vehicles (going into circulation for the first time) fell by 13.8 percent in October, after rising by 6.7 percent in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. The October headline figure indic...

    8%

  4. Unemployment down for second straight month in August, falls to 24.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month to 24.6 percent in August from a downward revised 24.9 percent in July, the Hellenic Statistical Agency (ELSTAT) labour force survey showed on Thursday. The August jo...

    8%

  5. Eurosystem funding down by 2 bln in Oct for fourth straight fall

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding continued heading south for the fourth straight month in October, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG) monthly financial statement showed on Monday. Since J...

    8%

  6. Economic sentiment stable, consumer confidence down 4.5 pts in November

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) remained flat from previous month at 86.5 in November, European Commission (EC) data showed on Friday. This follows an improvement by 11.3 points in total in the previous two months reflecting the positive sentiment aft...

    8%

  7. Weak banks drag Greek stocks down by 6.5 pct during week

    Economy

    Greek shares fell by another 6.5 percent this week amid a continued bank weakness, which plunged at double-digit rates for the fifth successive week. Turnover rebounded strongly after Alpha and Eurobank new shares commenced trading on Wednesday. The gov...

    8%

  8. Building activity down by 3.5 pct in Sept for third straight fall

    EconomyMacroeconomy

    Greek building permits fell for the third straight month in September but at a decelerating pace of 3.5 percent from 11.4 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. The September headline figure is the lowest ra...

    8%

  9. Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted unemployment rate continued its slight downward trend easing to 24.5 percent in October from 24.6 percent in September, the Hellenic Statistics Authority (ELSTAT) latest figure displayed on Thursday. The October headline fig...

    8%

  10. New Democracy counts down to Sunday's leadership vote
    en_GB Photo by MacroPolis

    PoliticsGreek Politics

    New Democracy will have a new leader by Sunday night, with veteran Evangelos Meimarakis seen as the favourite to edge out former administrative reform minister Kyriakos Mitsotakis in the ballot. Recent polls put Meimarakis ahead but also show that Mitso...

    8%