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  1. Greek Q2 growth of 0.8 pct confounds recession forecasts
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP at constant prices rose quarter on quarter (QoQ) by 0.8 percent in Q2 2015 following a upward revised 0.02 percent growth recorded in Q1, according to the flash... to the downside. On July 21, S&P stressed that Greece’s economy would be the worst-performing among

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  2. Tsipras may choose benefits of longer game on elections
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    PoliticsGreek Politics

    signal the formal break with SYRIZA’s Left Platform and the start of what will essentially... now. A three- or four-week campaign would likely bring Greece’s public administration to a halt

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  3. Rebound of 9.38 pct on Tuesday almost erases Monday's Greek stock losses

    Economy

    the Chinese economic slowdown, the global sentiment was completely reversed in today’s session after... 24 of the 25 constituents were in deep red yesterday. Completely reversing Monday’s nosedive

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  4. Concerns for SYRIZA mount as brief election campaign gets underway

    PoliticsGreek Politics

    narrowed by 7.5 percentage points since the beginning of July. The poll also shows SYRIZA’s coalition... their election candidates September 12 – New Democracy’s Evangelos Meimarakis expected to speak at TIF, also

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  5. These are the bailout deliverables expected from Greece in September

    EconomyProgramme

    Greece’s caretaker cabinet was sworn in on August 28 and on the same day, the European Commission (EC) President Jean-Claude Juncker sent a letter to the caretaker Prime Minister Vassiliki Thanou... Financial Stability Fund’s (HFSF) Executive Board and General Council will be drafted, which will imply

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  6. Retail sales fell by 1.7 percent in June, after a short-lived rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    After a short-lived rise by 2.4 percent in May, the turnover of Greece’s retail trade index fell by 1.7 percent in June, according to the Hellenic Statistical Agency (ELSTAT). The June headline... (+4.4 percent) and supermarkets (+4.1 percent). In contrast, clothing and footwear’s sales

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  7. Lack of new orders and sharp drop in production lead to weak PMI in August

    EconomyMacroeconomy

    After reaching a record low in July, Greece’s Manufacturing PMI improved by 8.9 points to 39.1 in August, according to Markit. Nevertheless, the August headline figure remains one of the lowest... the nation’s future political and financial position,” Markit concluded.

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  8. Accommodation and food services index rises by 13.4 pct in Q2

    EconomyMacroeconomy

    million this year. If confirmed, this would mean 1 million higher arrivals compared to last year’s... by the institutions that oversee Greece’s programme are calling for a recession of 2.3 percent in 2015, yet bank

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  9. Unemployment rate edged up to 25.2 pct in June

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate edged up to 25.2 percent in June from 25 percent in May, the Hellenic Statistical Agency (ELSTAT) said on Thursday. The June headline figure.... The official estimates by the institutions that oversee Greece’s adjustment programme call

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  10. Signifcant underspend covers revenue shortfall for budget primary surplus to August

    EconomyMacroeconomy

    Greece’s budget primary surplus significantly improved to 3.8 billion in the 8-month period of 2015 from 1.95 billion last year, the Finance Ministry (MoF) final budget data displayed on Thursday. Today’s figures confirm preliminary the preliminary data released on September 16. Compared to target

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