Athens Macedonian News Agency: News in English, 16-01-20

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Greek economic growth could reach 1.5 pct in 2016, ministry officials say

[01] Greek economic growth could reach 1.5 pct in 2016, ministry officials say

-the ECB is steadily lowering the borrowing ceiling for Greek banks from the ELA mechanism reflecting an improvement in Greek banks' liquidity.

-the Greek PMI improved after 16 months in December, as Greek manufacturers reported a slightly improvement in operating conditions, ending a continuous deterioration which began in September 2014. The PMI rose to 50.2 points in December, from 48.1 in November.

-exports grew in the January-November period amounting to 16.66 billion euros (excluding oil products), a new all-time record for the country. In the same period, imports totaled 39.8 billion euros, recording a 9.4 pct decline from the same period in 2014 (excluding oil products imports grew by 1.1 pct in the 11-month period).

-employment grew in December. Official figures showed that new hirings surpassed dismissals by 7,826 in December.

-industrial production recorded the highest monthly percentage increase in the EU. Industrial production grew 3.3 pct in November 2015, compared with a 0.5 pct decline in the EU and a 0.7 pct fall in the Eurozone.

-annual inflation returned to positive ground after 33 months in December. The consumer price index grew 0.17 pct in December, while the country's harmonized inflation rate was 0.39 pct in the last month of 2015.

-budget revenues surpassed targets by 1.918 billion euros in 2015 (cash basis).

-economic activity have significant growth prospects in 2016 through the disbursement of significant liquidity from the state to the private economy.

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