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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
EconomyMacroeconomyto individuals was 5.57 percent in December, from 4.67 percent at the end of 2021. Loans to sole proprietors were 6.66 percent, from 4.63 percent in December 2021. Loans to corporations were 4.63 percent..., landing at 4.96 percent, from 3.72 percent in December 2021. The widening of the spread is the result
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Trade deficit records rare drop of 10.6 pct in Dec, widens by 50.7 pct for full year
EconomyMacroeconomyreleased by ELSTAT on Tuesday. The deficit came to 2.94 billion euros for December. Imports totalled... of 25.7 percent compared with December last year. Although contained compared to the 3.29 billion euros of December last year, it is still almost double the figure of 1.5 billion euros of December
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Newsletter 410 - 02/02/2024
a serious backlog that reached 26,000 in December 2023 from less than 8,000 in October 2022. Up to early... for mortgages in December was more than 5 pct according to Bank of Greece data. Ahead of last year’s... prices recorded a tenth successive month of contraction by 6.6 pct annually in December, most
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Labour market improves further in 2023, with 43,802 more hirings
EconomyMacroeconomyGreece’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... in December came to 224,104 versus 205,608 departures. Voluntary departures accounted for roughly 34
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Trade deficit drops by 20 pct in 2023 despite contraction of exports
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after... to 2.61 billion euros for December. Imports totalled 6.31 billion euros, dropping by 17.7 percent YoY. Exports totalled 3.7 billion euros. This is a decrease of 21.7 percent compared with December
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Newsletter 412 - 16/02/2024
slowed in January to 3.1 pct, from 3.5 pct in December last year, this movement is led by the drops... dropping for the last eight months of 2023. They fell by 3.9 pct in December. Goods and services... slowed down in January, with the CPI rising by 3.1 pct, from 3.5 pct in December. Growth rates
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Record year for tourism in 2023 with 20.46 bln in receipts, 32.74 mln visitors
EconomyMacroeconomyGreece's travel balance recorded a surplus of 114.9 million euros in December, compared to 206.2.... December's balance was 72.1 percent higher than the 66.8 million euros recorded in December 2022. In December 2021, the balance was 73.4 million euros. Receipts for the month were 344.2 million euros
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Newsletter 449 - 31/01/2025
ratings.MacroeconomyCharts of the weekDeposits Boosted by the usual seasonal effects in December... of 2009 and the low in April 2017 was 119 billion euros. Unemployment The unemployment rate in December... million people. There were 48,529 fewer unemployed in December compared with the same month of 2023
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Newsletter 452 - 21/02/2025
in December 2024. In both soundings, the main beneficiaries are ultranationalist Greek Solution and nativist... of payments Greece’s current account stayed in deep deficit in December at 3.6 billion euros, accelerating from the 3.15 billion euros of the previous month. The goods deficit in December was 3.19 billion
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CPI accelerates to 2.6 pct YoY in Dec, food prices rise by 3.6 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) accelerated in December with a rise of 2.6 percent year-on-year... percent, from 0.1 percent in the previous month. In December 2024, the CPI was up also by 2.6... percent annually in December. Month-on-month, the HICP was up by 0.1 percent. In December
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