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  1. Greece - Some structural macroeconomic arithmetic
    Photo by MacroPolis

    Agora

    , as we saw above. With 2 percent inflation, that makes for 2¾ percent nominal growth. If the 60 percent

    4%
  2. Aug sees second annual drop in building activity with 4 pct decline
    Photo by MacroPolis

    EconomyMacroeconomy

    in February, which saw the first annual decline since July last year. The total number of permits issued

    4%
  3. How Greece reduced its unemployment rate to less than 10 pct
    Image: MacroPolis

    Agora

    and commerce fully reflect the property market’s difficulties, which saw prices drop by 40 pct

    4%
  4. Building activity returns to growth in Sep, up 9 pct in 9M
    Image: MacroPolis

    EconomyMacroeconomy

    Building permits returned to growth in September, rising by 6.2 percent year-on-year (YoY), after a drop of 4 percent in August, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. Permits have been growing annually this year except in February, which saw

    4%
  5. Dependency on tourism highlighted by negative hiring balance of 82,463 in Nov

    EconomyMacroeconomy

    Greece’s employment balance stayed negative in November, with 82,463 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in November last year saw 83,627 more departures, suggesting a year-on-year improvement of 1,164 jobs. Total

    4%
  6. Despite months of input cost declines, rise in agriculture prices doubles to 3.8 pct in Nov

    EconomyMacroeconomy

    , with animal feed also down by 8.7 percent. The rest of the components saw increases, with other goods

    4%
  7. Building permits pick up pace in Oct with 8.7 pct growth
    Image: MacroPolis

    EconomyMacroeconomy

    Building permits picked up pace in October, rising by 8.7 percent year-on-year (YoY), after a rise of 6.2 percent in September, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. Permits have been growing annually this year, except in February, which saw the first

    4%
  8. Labour market improves further in 2023, with 43,802 more hirings
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance turned positive in December, with 18,496 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in December last year saw 8,867 more hires, suggesting a year-on-year improvement of 9,629 jobs. Total hirings

    4%
  9. Fresh SYRIZA leadership battle called off as chaotic party conference concludes
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    in the opposition party who were unhappy about what they saw as an increasingly autocratic style

    4%
  10. Catering and retail contribute to worst employment balance on record in Jan
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance was negative in January, with 31,977 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last year saw 27,611 more departures, a year-on-year deterioration of 4,386 jobs, making this year’s

    4%