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Income
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PoliticsGreek Politics
Government pledges more reforms, but economy set to prove deciding factor in 2025 After suffering a more turbulent year than it expected, the government is aiming to regain its footing in 2025 by returning to the reform agenda that served as the flagship of its first term in office. However, its record regarding the performance of the Greek economy will likely be the factor that determines whether New Democracy enjoys a better year or not.
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EconomyMacroeconomy
Wage index drops by 1.7 pct YoY in Q3 for first decline in two years Greece’s seasonally adjusted (SA) Wages Index went in contraction in Q3, dropping by 1.7 percent year-on-year (YoY), from 7.3 percent growth in the second quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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Economy
Latest data highlights tough day-to-day economic conditions, giving opposition ammunition Political developments are putting more pressure on the government to deliver tangible economic results.
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EconomyMacroeconomy
OECD report underlines sobering reality of economic recovery The latest hit to efforts to create a buzz around the Greek economy came this week from the OECD’s How’s Life 2024 report, with the challenges outlined in an op-ed by the country’s representative at the Paris-based think-tank a few days ago.
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EconomyMacroeconomy
Data underlines Greece still has big wage gap to bridge The issue of Greeks’ wages and spending power has become a thorn in the government’s side - aside from some data and research that place Greece at the bottom of EU tables in terms of real wages and purchasing power parity, the current administration has repeatedly pledged a rise of the average wage in Greece to 1,500 by the end of the term, currently standing just above 1,200 euros.
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Society
Survey of 2023 household budgets highlights lasting effects of debt crisis The latest household budget survey for 2023 was released by ELSTAT and it shows that inflation continues to have an effect on spending, while the long-lasting impact of the debt crisis is still prominent.
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EconomyMacroeconomy
Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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EconomyMacroeconomy
Finance Ministry's defence of economic record highlights area of policy weakness The Greek government pulled out all the stops over the last couple of weeks in an attempt to defend its economic record, culminating in the Finance Ministry presenting a document outlining the seven areas in which Greece is outperforming its eurozone peers.
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EconomyMacroeconomy
Wages index continues growth in Q1 with 6.8 pct YoY rise Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q1, rising by 6.8 percent year-on-year (YoY), from 6.3 percent growth in the last quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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EconomyMacroeconomy
Wages index rises by 5.5 pct YoY in Q4, records first quarterly drop since Q3 2021 Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q4, rising by 5.5 percent year-on-year (YoY), thought it slowed down from an upwards revised 6.3 percent in the third quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.