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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomyThe Greek Finance Ministry is due to table to Parliament on Friday the multi-bill that will wrap up its obligations for the conclusion of the final programme review, along with the updated Medium-Term Fiscal Strategy (MTFS) for the period between 2019 and 2022.
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Marginal increase to 20.8 pct for Feb unemployment rate
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in February was 20.8 percent, edging up slightly from the upward revised figure of 20.7 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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Hirings balance hits record high of 100,246 in April
EconomyMacroeconomyThe employment balance showed a strong improvement in April as hirings outpaced departures by 100,246, data from the Labour Ministry’s Ergani information system revealed.
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OECD report outlines steps to reduce burgeoning poverty rate in Greece
EconomyMacroeconomyIn its latest survey on Greece that the Organisation of Economic Co-operation and Development (OECD) published on Greece earlier in the week, the Paris-based think tank dedicates a section on lowering poverty and protecting households that through the loss of jobs and wage cuts have been severely affected by the crisis, leading to a significant surge in poverty rates.
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Over one in five Greeks struggled to make ends meet in 2017
SocietyNew data from Eurostat has revealed that over one in five Greeks is classed as severely materially deprived and were unable to make ends meet in 2017.
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomyThe International Monetary Fund (IMF) issued on Tuesday its latest World Economic Outlook (WEO), updating its forecasts for the Greek economy over the coming years.
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Unemployment rate at 20.6 pct in Jan, inactive population rises
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 20.6 percent in January, edging slightly down from December’s figure of 20.8 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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Greek hourly labour costs less than half of eurozone average
EconomyFeaturesNew figures from Eurostat have shown vast discrepancies between hourly labour costs across the European Union’s member states and the eurozone in general.
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Job hirings outpace departures by 55,494 in March
EconomyMacroeconomyThe employment balance strengthened in March as hirings outpaced departures by 55,494, data from the Labour Ministry’s Ergani information system revealed.
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Unemployment rate falls to 21.5 pct in 2017 despite increase in Q4
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate rose to 21.2 percent in the fourth quarter (Q4) of 2017, rising against the figure for Q3 of 20.2 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.