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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomystems from a double-digit increase (10.3 percent) in imports and a slight drop in exports (-1.5 percent... to 2.49 billion euros from 3.32 billion last year. However, the rate of C/A deficit drop continued... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases
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Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent... the peak of 102.2 posted in Q3 2008. The drop in transactions exceeds 90 percent over the past six... to the evolution of building activity, which posted a cumulative drop of 75 percent since 2008. The latest
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomystable YoY in Q2 after a marginal drop of 0.1 percent in Q1. The Q2 rate of zero percent is the first... forecasts foresee a 5.3 percent rise in 2014 after a 12.8 percent drop last year. Taking into account..., whilst the latter suggests the sharpest drop since Q4 2011. The continued strong rebound
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Greek PMI up to 50.1 in August, employment and profitability still falling
EconomyMacroeconomya solid rise in August, reversing the slight drop posted in the beginning of the third quarter... in production with higher new export orders contributing to the positive sales performance. After a drop... ending a two-month run of drop in total new business. New export orders also rose marginally
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyto fall further by 1.9 percent in 2014 implying a 23 percent drop over the last five years... drop to 84 percent in 2014. The report highlights that the labor productivity and the purchasing power... shown a marked deviation in the succeeding five years. The sharp drop in real wages by 22.3 percent
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Greece is least socially just country in EU, report indicates
SocietyThis meant that Greece suffered a drop of 0.86 on the mark it gained in 2008. Only Ireland had a bigger... since 2008, which is the second-largest drop in the Union. This rock bottom ranking comes... 24th with 4.68 but displays the biggest drop (1 point) of all the countries rated in 2008
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Greek PMI drops into contraction territory in September, falling to 48.4 points
EconomyMacroeconomycontraction, suggests a deterioration of business conditions at the end of the third quarter. The drop... growth in August, production fell slightly in September. This was the second drop in the last three... the past four months. Lower purchasing activity also led to a drop in the stocks of purchases
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Greek building activity drops by another 8 pct in July
EconomyMacroeconomyof building permits at 44.4 and 29.2 percent respectively. In contrast, the drop in West Greece (-26.7..., Fitch reiterated its view that house prices are expected to drop by 6 percent overall in 2014. Housing... over the past 2.5 years with the cumulative drop at 13 percent over the past four years. In addition
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Greek disposable income continues its slide in Q2, reached 29 pct during crisis
EconomyMacroeconomy) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT). Q2 rate of drop.... The continued drop in disposable income mainly reflects a decline in the compensation of employees.... In contrast, property income showed a low single digit drop (-9.8 percent) over the past five
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August trade deficit shrinks by 29.5 pct as imports fall faster than exports
EconomyMacroeconomythe first data is avalable. August’s performance reflects a 16.3 percent drop in imports and a 5.7... a slower drop in August (-20.3 percent), mainly reflecting a lower decrease in imports (-12.9 percent... respectively. The sharp drop in trade deficit in August led the respective 8-month figure up by a mid
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