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Macro Dynamics Remain Weak Reflecting Lingering Uncertainty

Alpha Bank Economic Research Division, (2017), “Macro Dynamics Remain Weak Reflecting Lingering Uncertainty”, Greece Economic & Financial Outlook No 91, April

Economic activity stalled in 2016 for a second consecutive year. Private consumption growth was a solid 1.4% in 2016 and contributed positively to GDP by one percentage point notwithstanding the tax-driven austerity. Investment remained unchanged, while net exports and public consumption subtracted by 0.5 pps each from GDP growth.

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