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  1. OECD forecasts unemployment increase into 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    The OECD has released its employment outlook for 2020 in the context of the coronavirus crisis, highlighting the impact that the pandemic will have on the global job market. It showed that under the single hit scenario, Greece’s employment growth is set to fall by 3.5 percent this year and by 1

    2%

  2. Primary cash balance deficit at 6.71 bln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    months of the current year, the PIB balance has worsened by 1.92 billion euros. The budget primary

    2%

  3. Industrial turnover drops by 30.4 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    by 2.7 points month-on-month to stand at -18.1 points. Year-on-year, industry confidence has fallen

    2%

  4. Current account shows deficit of 913.9 mln in May as travel receipts evaporate
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April, Bank of Greece (BoG) data showed on Monday. In the same month last year, there a surplus of 269.7 million euros, meaning that the balance has worsened by 1.18

    2%

  5. Travel balance falls by 99.3 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY). Receipts came to 13.1 million euros for the month, falling by 99.2 percent YoY. Travel payments also decreased

    2%

  6. Retail turnover drops by 5.3 pct in May, volume drop​s by 5.8 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to -34.7 in July. Compared to July 2019, consumer confidence has dropped by 14.5 points. Retail trade fell

    2%

  7. Banks step up securitisation drive following pandemic interruption

    EconomyBanking

    . Piraeus also has in progress a larger securitisation called Vega, which is for a value of 5 billion

    2%

  8. Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
    Photo by MacroPolis

    EconomyMacroeconomy

    to the pandemic, this year has not followed the traditional hiring pattern of seasonal jobs during spring

    2%

  9. Episode 10 - Get with the (first) programme

    Agora

    the spirt of our long-running blog section, The Agora, which has been a forum for discussing all kinds

    2%

  10. Construction slides again in May with fall of 8.7 pct YoY in building permits
    Photo by MacroPolis

    EconomyMacroeconomy

    in June. Compared to the same month last year, construction confidence has improved by 16.4 points.

    2%