Εurobank: Mixed results for Greek economy in Q4 2022

Eurobank’s weekly bulletin on the Greek economy portrays a mixed picture, with the inflation rate, for instance, again dropping last month (December 2022) for a third straight month on the back of easing energy rates.

The last three-month period has witnessed unseasonably mild weather conditions, thereby reducing demand for heating.

At the same time, the inflation rate in Greece, on an annual basis, remains at 7.6 percent, continuing to “eat away” at households’ disposable income. The figure nevertheless is less than the Eurozone average of 9.2 percent.

Latvia was in unenviable “first place” in terms of monthly inflation in December 2022, at 20.7 percent, barely above Estonia with 20 percent.

Spain posted the lowest inflation rate, at 5.6 percent.

The trade balance deficit increased by 27.4 percent (807.5 million euros) on an annual basis in November 2022, compared with an increase by 70.5 percent the previous month (1.674 billion euros).