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EconomyMacroeconomy
Brussels flags downside risks for Greece as conflict‑driven inflation surges The European Commission published last week its latest spring economic forecasts, becoming the latest institution to confirm that the unresolved Iran conflict will be a key factor shaping this year’s economic outcomes.
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EconomyMacroeconomy
EC forecasts slower growth, higher inflation as energy shock strikes The European Commission released on Thursday its latest spring forecasts, projecting that Greece’s economic growth will slow gradually over the next three years as higher energy prices weigh on household incomes and consumer spending.
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EconomyMacroeconomy
Greece braces for major inflation shock as Middle East standoff continues With the war in Iran far from settled and the main choke point for global energy and trade still in place - as the Strait of Hormuz remains essentially shut - newly released data points to a severe inflation shock for the Greek economy.
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EconomyMacroeconomy
Iran war begins to bite as costs rise and confidence falls The impact of the protracted Iran conflict is now filtering into the Greek economy and is reflected in hard data and sentiment indicators covering periods after the war began at the end of February.
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EconomyMacroeconomy
CPI at 5.4 pct YoY in April - highest since early 2023 Greece’s Consumer Price Index (CPI) accelerated significantly in April with a rise of 5.4 percent year-on-year (YoY), from 3.9 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
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EconomyMacroeconomy
Iran war fallout impacts Mar prices as energy drives 3.9 pct YoY CPI rise Greece’s Consumer Price Index (CPI) accelerated significantly in March with a rise of 3.9 percent year-on-year (YoY), from 2.7 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT).
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EconomyFeatures
How Iran war is reshaping Greece’s economy The war in Iran has entered its second month, precipitating what the International Energy Agency (IEA) describes as the “largest supply disruption in the history of global oil markets”.
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EconomyMacroeconomy
CPI picks up in Feb, rising to 2.7 pct YoY as food prices climb again Greece’s Consumer Price Index (CPI) slightly picked up pace in February with a rise of 2.7 percent year-on-year (YoY), from 2.5 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
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EconomyMacroeconomy
CPI stable at 2.5 pct YoY in Jan, food up 4.5 pct, rents 8.7 pct Greece’s Consumer Price Index (CPI) was broadly stable at the start of the new year with a rise of 2.5 percent year-on-year (YoY) in January, from 2.6 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
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EconomyMacroeconomy
CPI accelerates to 2.6 pct YoY in Dec, food prices rise by 3.6 pct Greece’s Consumer Price Index (CPI) accelerated in December with a rise of 2.6 percent year-on-year (YoY), from 2.4 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).