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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
Economy, with the figure in the adverse case pushing even higher to 7 pct. De-escalation is expected in 2023, assuming
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Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued recording gains in July, rising by 7 percent year-on-year (YoY), after an upwards revised 8.9 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. The index has now grown in five out of the first seven
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Strong rise in food sales pushes 7 pct YoY increase in Jan retail
EconomyMacroeconomyThe growth of Greece’s retail sales jumped by 7 percent year-on-year (YoY) in January, after a rise of 6.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index also rose by 4.5 percent YoY, from a 4.7 percent increase
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora(the Book). In part 1 of this blog we will highlight differences in the macroeconomic scenarios... on the Maastricht deficit and debt Criteria. * * * Figure 1 below compares the baseline scenario... that was derived in preceding chapters of the Book.[1] The baseline scenario of the Book is well
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammeto the banking sector to “safeguard financial stability” include: 1) Finalisation of a comprehensive.... The current set of prior actions involves: 1) Integration into the Unified Auxiliary Insurance Fund (ETEA) by September 1 of all supplementary pension funds, which will be only financed by own
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PM claims victory as marriage equality law passes despite dissent in govt, opposition ranks
PoliticsGreek Politics“present.” Fifty-one of the 158 MPs from the ruling party did not support the bill – 20 voted against..., passionately committed to European values,” PM Mitsotakis posted on X after the vote. During the debate he... of negative votes. Nevertheless, 20 ND deputies still voted against the bill. Such a high level
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Stock taking: Where is the Greek economy now?
Agoraan aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details... events in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can... unemployment rate is around 20 percent, not in the 16 percent range. Thus, we may expect
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammepercent to 20 percent in 2016 and further to 26 percent in 2017 as well as tightening the definition of farmers. Other key deliverables for October include: 1) Reform of the income tax code (ITC) also.... 7) Better target eligibility to halve heating oil subsidies in 2016 budget. 8) Permanently reduce
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammereforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros... with lenders and would yield 0.35 percent of GDP involve: As of June 1 Increase in the excise tax on gasoline
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Government treads carefully on Trump, looks for positives in EU defence spending tweak
PoliticsGreek Politicsdid not comment on the X post by Health Minister Adonis Georgiadis in which he described Vance’s... across the board tariff on EU goods will make Greek products 7 pct more expensive in the US, which
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