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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after peaking with a 2.9 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT). On a monthly basis, the CPI rose 0.9 percent for the f...
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure stood at 61.96 billion at the end...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomyΤhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday. The study showed that the net financial wealth of Greek...
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
AgoraGreek banks concluded the release of their fourth quarter (Q4) results last week, which showed an improved financial and asset quality performance overall. Almost all the core banks recorded a positive bottom-line result for Q4 and turned profitable for...
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Worst ever negative employment balance recorded in March as virus measures hit
EconomyMacroeconomyThe employment balance turned sharply negative in March with 41,903 more firings than hirings, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 85,276 more people fired than hired. Ergani...
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyThe IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertaintie...
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