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  1. Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
    Image via www.moh.gr

    EconomyMacroeconomy

    4.21 billion euros, a fall of 12.8 percent YoY. BoG noted that the decline in imports and exports... period decreased by 5.6 percent. Travel payments showed a fall of 25.5 percent to 433.7 million

    6%

  2. Newsletter 251 -22/05/2020

    Newsletters

    in the domestic market was driven by a fall in manufacturing of 9 percent. Greece’s industrial turnover fell.... The drop in the domestic market was driven by a fall in manufacturing of 9 percent, while mining

    6%

  3. Unemployment drops to 16.2 pct in Q1, excluding furloughed workers
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent of their remuneration. The current quarter’s movement was driven largely by a fall... unemployed is the lowest since Q4 2010. This was combined with a QoQ fall of around 49,200 in those

    6%

  4. Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    . At the same time, total imports reached 3.25 billion euros, a fall of 28.8 percent YoY. BoG noted... showed a fall of 52.3 percent to 436.3 million. In the other accounts, primary income came

    6%

  5. Travel balance falls by 97.8 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    400,000 euros. Receipts from travellers within the EU but not euro-denominated showed a fall of 93... to a fall of 49.4 percent YoY. Average expenditure per trip dropped by 21.5 percent to 333.33 euros

    6%

  6. Newsletter 255 -26/06/2020

    Newsletters

    . However, several things have to fall in place for the government to have the fiscal space necessary... losses could exceed 1.5 billion euros. At the same time, as revenues fall, the pension system faces

    6%

  7. BoG highlights how Covid-19 compounds legacy issues and structural challenges
    Photo by MacroPolis

    Economy

    a resurgence of the pandemic, the economy is expected to fall sharply by 9.4 pct. In the mild.... Of course, there is also tourism, which is expected to fall sharply. The range of measures

    6%

  8. Newsletter 256 -03/07/2020

    Newsletters

    , the economy is expected to fall sharply by 9.4 percent. In the mild scenario, the recovery is 5.8... by a slower fall in production. The increases in output were largely linked to the reopening of factories

    6%

  9. Newsletter 258 -07/17/2020

    Newsletters

    . Building permits fall by 22.4 pct in April Permits fall below 1,000 mark for the first time since

    6%

  10. Industrial turnover drops by 30.4 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    market was driven by a fall in manufacturing of 28.3 percent, while mining and quarrying turnover dropped... historically low reading. This was partially driven by a slower fall in production. Finally

    6%