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Job departures at 37,667 in Nov, 11-month net hirings highest since 2001
EconomyMacroeconomyThe employment balance stayed negative in November 2016 with net departures rising to 37,667 from 24,674 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Monday.
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Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 23.1 percent in September from a downward revised 23.3 percent in August, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
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OECD expects Greek economy to recover, stresses need for structural reforms and debt relief
EconomyMacroeconomyIn its latest Economic Outlook report published on Monday, the Organisation for Economic Cooperation and Development said it expects a rebound in the Greek economy in the next two years supported by structural reforms, rising business and consumer confidence and stabilisation of the economic and political environment.
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomyFinance Minister Euclid Tsakalotos tabled in Parliament on Monday afternoon the 2017 budget detailing the government’s fiscal and macro estimates for 2016 and 2017.
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Record job departures in Oct but highest 10-month net hirings since 2001
EconomyMacroeconomyThe employment balance turned negative again in October with net departures notably increasing to 82,810 from 56,473 a year ago, data from the Labour Ministry’s Ergani information system displayed on Thursday.
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Unemployment rate edges up to 23.4 pct in August
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate increased to 23.4 percent in August from an upward revised 23.3 percent in July, the Hellenic Statistical Authority (ELSTAT) labour force survey displayed on Thursday.
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In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
EconomyIn its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year, before notably accelerating in the next two years.
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Net job hirings of 7,788 in September; highest 9-month figure since 2001
EconomyMacroeconomyThe employment balance turned positive in September, with net hirings standing at 7,788, up from the net departures of 13,003 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Wednesday.
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Unemployment rate falls for second straight month, reaching 23.2 pct in July
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped for the second successive month in July, when it fell to 23.2 percent from 23.4 percent in June, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
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IMF upgrades Greece’s GDP and unemployment rate estimates
EconomyMacroeconomyIn its latest World Economic Outlook (WEO) published on Tuesday, the International Monetary Fund was upbeat in its estimates regarding Greece’s GDP and unemployment rate, upgrading its previous forecasts released on April 12.