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PBO sees encouraging signs for economic and fiscal outlook
EconomyMacroeconomythat upped its estimates for 2019 to 2.2 percent and marginally higher at 2.4 pct for 2020. The overall... the credibility of the public sector. The credibility that has accrued over the recent past was also reflected... as the ongoing drop in borrowing costs across the yield curve that has led to the 10-year yield
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Unemployment drops to 16.3 pct in December
EconomyMacroeconomymillion unemployed in September 2013, unemployment has shown a fall of 44 percent. The overall labour.... The month-on-month labour force has shown a decline for four consecutive months so far. The inactive... fell by 2.2 pps. Regionally, the lowest unemployment rate continues to manifest in Crete where
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MoF to announce measures for safeguarding businesses impacted by COVID19
Economy) has proposed a set of measures to deal with the virus’s impact, especially on small and medium-sized.... Impact The Hellenic Fiscal Council (HFC) has warned that the Greek economy could be threatened... the government’s target of 2.8 percent. Under the first scenario, Greece’s GDP could grow by 2.2 percent
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Unemployment edges upward to 15.5 pct in April
EconomyMacroeconomythe peak of 1.35 million unemployed in September 2013, unemployment has declined by 47 percent... 45-54, where unemployment fell by 2.2 pps. The employment rate for this age group stands at 12.3 percent. A rise of 0.9 pps was seen in those aged 15-24 years. This age group also has the highest overall
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Wages index up by 3.8 pct YoY in Q2 2020
EconomyMacroeconomyto a YoY increase of 2.2 percent. On a quarterly basis, the index rose by 2.9 percent quarter.... The index in Q2 came to 109.9 compared to 106.8 in Q1. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to 13 consecutive quarters. It has also stayed above
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Accommodation and food services turnover collapses by 84.6 pct in Q2
EconomyMacroeconomywas a rise of 1.5 percent. On a quarterly basis, Q2 dropped by 51.6 percent compared to Q1, which has.... Data from Bank of Greece capture the enormous challenge that Greece has faced on the tourism front since March. The travel balance up to June has essentially evaporated, dropping by 94 percent year
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Govt intent on making some relief measures permanent
PoliticsGreek PoliticsThe government appears set on the idea of making permanent some of the relief measures it has... package, even if the primary surplus goal of 2.2 pct of GDP from 2023 onwards remains... for their “patience and perseverance” during the pandemic. According to ECDC data, 91.1 pct of this age group has
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Growing Covid threat foils government's attempt to look ahead
PoliticsGreek Politicsupwards. This latest development has fuelled concern in the tourism sector that this summer will be another damp squib. This fear has also been exacerbated by Germany placing Greece on the list of high... since Germany has now joined another key market for visitors to Greece – the UK – in imposing
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Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead
EconomyProgrammeGreece has been operating under since the summer of 2018, was released yesterday, signaling the end of another chapter in the Greek crisis. The European Commission, which has been overseeing the process... concludes that Greece has taken the required steps to achieve the bulk of the commitments to its
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Economic sentiment improves to 108 in May, consumer confidence also recovers by 4 pts
EconomyMacroeconomysentiment has been on the mend for a while, having recovered from the decline during the pandemic... following the pandemic, has hit some turbulence. The index rose by 4 points to -51.3 points... in May, from 104.7 points in April, recording a notable recovery. The EEI has dropped by 4.6 points
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