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Newsletter 337 - 13/05/2022
at the highest growth rate since the mid-1990s. The effect of the energy crisis on prices is reflected across
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Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
EconomyMacroeconomyare seen having a cushioning effect in 2022 and in the coming years. Although exports growth will remain
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Scant recognition of energy crisis in draft climate law, but EU package may force tougher targets
PoliticsGreek Politics– in the crucial years up to 2030. One development which is likely to have a positive effect on Greece’s
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Removal of restrictions boosts travel receipts in Mar
EconomyMacroeconomyeffect of March last year, when the tourism season and travel were restrained. The data also
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Tension with Turkey dominates government agenda at home and abroad
PoliticsGreek Politicsthe effect of the government’s support measures. Two thirds of respondents thought the latest package
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Retail sales up by 20.2 pct YoY in Mar, effects of inflation emerge in volume data
EconomyMacroeconomyinto the new year in 2021, so the annual growth captures the base effect of restrictions imposed
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GDP rises by 2.3 pct QoQ in Q1 as consumption grows, but other components shrink
EconomyMacroeconomycomponents showed remarkable recoveries. This largely thanks to the base effect of the second
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Tsipras talks up prospects of snap elections
PoliticsGreek Politicsis concerned that Mitsotakis might try to capitalise on a rally-round-the-flag effect if there is a flare
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Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
EconomyMacroeconomy- was recorded in April 2021, mainly thanks to the low base effect of the first lockdown a year
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As restrictions drop away, Apr travel balance beats even pre-Covid levels
EconomyMacroeconomyeffect of April last year when travel was limited and activity in the tourism sector constrained due
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