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Taking a macro snapshot
Agora“Seems to be this assumption that if you accurately report that the data is getting better (in Greece) you’re Olli Rehn”, said to me the other day someone whose opinion I regard highly and got me... improvement that will start getting reflected on the hard data. For now, when people hear that the data
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyflash estimates released on November 14, according to provisional data published by the Hellenic Statistical Authority (ELSTAT) on Monday. The GDP data indicated that the recession reached 4.0 percent... over the six-year period. The Q3 GDP data, which do not include any (negative) revision
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What do EBA tests reveal, or fail to highlight, about Greek banks?
Economyinformation based on first half 2013 data about banks' operations according to uniform benchmarks. The disclosed data mainly involve each bank’s composition of capital and risk-weighted assets (RWA), market..., there are some important conclusions to draw from the released data. The first finding relates to capital
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Greece closes 2013 with 691 mln budget primary surplus despite late investment spend
EconomyMacroeconomy) from a deficit of 3.46 billion last year, according to the preliminary data released by the Ministry... to incorporate the final December budget data illustrating a further improvement”. In our understanding... that an agreement can be reached, while recent data submitted by the Greek authorities on a series
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Indices for turnover, new orders in industry post big falls in November
Economyin new orders for the eurozone countries (down 15.7 percent). The detailed data on New Orders, excluding... of 1.7 percent. Unlike the hard data, the Markit Manufacturing PMI advanced for second straight month... in November. “December survey data offered signs that an upturn in the business cycle may have
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Industrial turnover and new orders indices post big drops for December
EconomyMacroeconomy). The detailed data on New Orders, excluding the energy sector not disclosed by ELSTAT, showed consumer... percent. Unlike the hard data for December, Markit’s Manufacturing PMI rose for the third straight... performance, though data inferred that it was the domestic market that provided the principal boost,” Markit
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Primary surplus at 2.1 bln in Feb, ahead of budget execution target
EconomyMacroeconomyto the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget balance... of the February preliminary budget execution coincided with the announcement of provisional GDP data... percent in 2013. The announcement of both key macro data comes in the aftermath of Monday’s Eurogroup
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Greek Tourism Association sees tourist arrivals rising to 19 mln for 2014
EconomyMacroeconomy. The latest data on the number of international visitors from scheduled flights point to a 25... data on international tourist arrivals at the main Greek airports show an increase of 30.1 percent in the Jan – Apr period, according to SETE's provisional data. Unlike previous years, arrivals
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Accommodation and food services index rises by 44.9 pct in Q1
EconomyMacroeconomyStatistical Authority (ELSTAT). The headline figure for Q1 is the highest reading since 2006, when data.... In addition, the latest official data on international tourist arrivals at the main Greek airports show an increase of 30.1 percent in the Jan – Apr period, according to SETE provisional data. Arrivals
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economya primary deficit of 970 million in the corresponding period last year, according to the final data... by 48.2 percent to 1.99 billion euros. Both figures deviated by 5 million euros from the preliminary data... of the year, when the new unified real estate property tax will be introduced. The latest data
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