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Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar -
Trade deficit narrows in Mar, but exports drop by worrying 11.7 pct -
OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline -
Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism -
Manufacturing continues to expand in April, firms remain optimistic -
Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
Ahead of the general meeting of its shareholders, the Bank of Greece released on Monday the annual governor’s report for 2023 in which it sees progress on several fronts, notably securing the investment grade for GGBs. However, it notes there are risks on the downside with the central bank making a number of policy recommendations to address in some cases long-standing challenges for the Greek economy.
The report sees the Greek economy growing by 2.3 pct in 2024, on the back of private consumption and investments, while the trade balance will offset gains as higher investment activity will lead to higher imports. Despite the global uncertainty, touris...
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