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  1. Despite solid annual growth of 28.1 pct, import prices record first back-to-back monthly drop since 2020

    EconomyMacroeconomy

    Greece’s import price index grew at a solid pace in July, recording a rise of 28.1 percent year-on-year (YoY), according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index has been slowing down for three months in a row, from the 39.1 percent peak rise in April

    2%
  2. Q2 unemployment drops to 12.4 pct, reflecting seasonality in job market
    Photo by MacroPolis

    EconomyMacroeconomy

    unemployed. Alarmingly, the largest portion, 149,700, has not worked for more than four years

    2%
  3. Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop

    EconomyMacroeconomy

    posted growth of 18.2 percent in March 2021 and has been growing ever since. In May this year

    2%
  4. Despite boost from travel, current account deficit hits 9.74 bln in Jul, up 43 pct YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    has increased about three times, from 2.38 billion in the first seven months of 2021 to 6.25 billion

    2%
  5. PBO sees medium-term risks mounting, despite positive near-term outlook

    EconomyMacroeconomy

    factor as the ECB has decided, along with other leading central banks, to reverse monetary policy

    2%
  6. Economic sentiment recovers 3.4 pts in Sept, buoyed by rise in services
    Photo by MacroPolis

    EconomyMacroeconomy

    stalled in May 2021 and the series has been on a declining trend since. September confidence at -51.3

    2%
  7. Unemployment stable at 12.2 pct in August despite strong tourism season
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece has had since the spring of 2010, when it stood at 12 percent as the country was approaching its

    2%
  8. Inflation at 12 pct in Sep as CPI records highest monthly rise of the year
    Photo by MacroPolis

    EconomyMacroeconomy

    . This level of price increases in Greece has not been recorded since the early to mid-90s

    2%
  9. IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    The International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington. The Fund sees Greece turning this year’s primary deficit of 1.8 pct

    2%
  10. Industrial turnover up 42 pct YoY in Aug, but drops 15 pct MoM
    Photo by MacroPolis

    EconomyMacroeconomy

    , the index posted growth of 18.2 percent in March 2021 and has been growing ever since. In May this year

    2%