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  1. Here's why IOBE think tank sees Greek economy growing 0.7 pct this year

    Economy

    consumption by 1.8 percent in 2014. The drop in public consumption is anticipated to decelerate... percent drop in imports. Export growth is entirely driven by services on the back of stronger... or marginally drop in 2014. For the economy to achieve high growth rates, IOBE suggests that lending

    5%

  2. Greek trade deficit up by 21.9 pct in May as exports sink further

    EconomyMacroeconomy

    increased 9.5 percent to 8.84 billion. This stems from a slight drop in imports by 0.7 percent... an increase of 7.5 percent, while exports recorded a slower drop at 4.9 percent. As a result, the underlying... lower demand from the eurozone. However, IOBE forecasts exports of goods to remain stagnant or drop

    5%

  3. Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
    Photo by Harry van Versendaal

    Society

    drop of 3.6 percent. In terms of the number of rooms per person, Greece has the lowest ranking at 1.2... showed a drop of its share from 12.8 percent in 2008 to 8.4 percent in 2012. In contrast, the lowest... for non-Greek migrants exiting the country was the drop in the construction activity since more than half

    5%

  4. Greek CPI falls at slower pace of 0.7 pct in July

    EconomyMacroeconomy

    The drop in the Consumer Price Index (CPI) decelerated for the second straight month to 0.7 percent...). The July reading indicates the slowest drop in the CPI so far in 2014 and since July 2013. Greece has been... in the harmonized CPI, which slipped 0.8 percent year on year and 1 percent month on month. The year on year drop

    5%

  5. Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near

    EconomyMacroeconomy

    the estimates for a -0.4 percent drop. The first quarter was revised downwards to -1.1 percent from -0.9.... The largest drop in second quarter economic activity was recorded in 2011 with a decline of 8 percent, followed by a drop of 7.4 percent in 2012 and 4 percent last year. The Greek economy plummeted

    5%

  6. Services help increase Greek current account surplus to 1.37 bln in June

    EconomyMacroeconomy

    by a drop in the income deficit by 151 million and a rise in the current transfers’ surplus by 138... a rise in non-residents’ arrivals by 13.7 percent. Following the strong performance in June, the drop... months, the drop in the income deficit (by 396 million to 1.36 billion) results from lower net interest

    5%

  7. Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July

    EconomyMacroeconomy

    in July. Nevertheless, the 7-month figures still indicate a year on year drop of 2.2 and 4.4 percent... on year. The 7-month figures indicate a drop of 17.6 and 0.6 percent respectively. Note... breakdown showed revenues at 321 million euros in July, implying a drop of 85.5 percent, mainly

    5%

  8. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    with a drop in loan provision by 17 percent to 705 million. The quarterly figures show PPI down 11.... The yearly drop mainly stems from a double-digit decrease in personnel expenses (down 16 percent), while... to 23.2 percent in Q2 from 23 percent in Q1 and 22.5 percent in Q4. This reflects a drop in NPL formation

    5%

  9. Industrial production drops 2.1 pct in July but rate of decline slows

    EconomyMacroeconomy

    The rate of drop in the Greek Industrial Production Index (IPI) slowed to 2.1 percent in July after... production recorded a double-digit drop (-12.2 percent), while water supply production slipped 1.1... the sharpest drop (-33.2 percent) in July, following a series of strong positive performances

    5%

  10. Greek unemployment rate hovers at 27 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    of employed and a 0.3 percent drop in the number of unemployed. Employment showed an improving trend... returned to negative territory with a marginal 0.1 percent drop. The YoY rate for unemployed displayed.... However, the aggregate fall since June 2009 amounted to 1.05 million corresponding to a drop of 23

    5%