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Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
EconomyFeaturesThe tourism industry helped Greece generate almost up to a third of its GDP last year, according to a new study, but the low number of arrivals this year could shave off a tenth of national output this year.
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
EconomySpeaking at an online event organised by a local think-tank, Bank of Greece governor Yannis Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic on the economy.
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Tsipras picks holes in ND approach, unveils own spending proposals
PoliticsGreek PoliticsOpposition leader Alexis Tsipras took to the podium in Thessaloniki last weekend, a week after Prime Minister Kyriakos Mitsotakis, to set out his thoughts on Greece’s present and future to representatives of industry and the media.
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Flooding, Covid-19 threat in Athens dominate ND's agenda
PoliticsGreek PoliticsKyriakos Mitsotakis’s premiership continues to be knocked off course by unpredictable events, such as the flooding in central Greece over the weekend and the resurgence of the coronavirus, making this early part of his first term in office much more challenging than he could have imagined.
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More Covid-19 measures on way for Athens as public concern grows
PoliticsGreek PoliticsAmid growing concern among experts and the public about the spread of the coronavirus in Greece, Prime Minister Kyriakos Mitsotakis indicated that more restrictions are on the way as authorities try to get to grips with the virus in Athens in particular.
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ND clarifies plans for emergency health system capacity as public mood over Covid-19 sours
PoliticsGreek PoliticsExperts continue to intensify their warnings over the latest wave of Covid-19 infections in Greece, prompting rumours that stricter measures are on the way for the greater Athens area.
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Covid-19 puts pressure on health system, forces govt into more restrictions
PoliticsGreek PoliticsAs the pressure on the national health system grows due to an increase in Covid-19 patients, the government has introduced new restrictions for the greater Athens area and officials are not ruling out further measures to prevent the disease spreading.
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyGreece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock of the state of the economy and the impact the pandemic, as well as the lockdown measures had on economic activity between April and June.
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Defence spending, economic support plans dominate PM's policy speech
PoliticsGreek PoliticsCovid-19 meant that Kyriakos Mitsotakis delivered the prime minister’s annual keynote economic policy speech to a reduce audience on Saturday.
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Greeks suspicious of Covid-19 origins but warming to vaccine, polls show
SocietyGreeks are facing the coronavirus crisis with a mixed bag of views and attitudes according to several surveys analysing the beliefs and behaviours of Greeks in the face of the pandemic.