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Athens News Agency: News in English, 10-11-18

Athens News Agency: News in English Directory - Previous Article - Next Article

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

CONTENTS

  • [01] GDP down -4.2% in 2010
  • [02] Stocks up 2.6% up

  • [01] GDP down -4.2% in 2010

    (ANA-MPA) -- The Greek economy shrunk by 4.2 percent of GDP in 2010 according to the forecasts in the draft 2011 budget unveiled by the government on Thursday. GDP is expected to continue shrinking by 3 percent in 2011 before levelling off, while positive growth (ANA-MPA) is forecast to resume in 2012, rising to 1.1 percent of GDP and then 2.1 percent of GDP in 2013.

    Unemployment levels are also seen rising from 12.1 percent in 2010 to 14.6 percent in 2011, 14.8 percent in 2012 and 14.3 percent in 2013. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] Stocks up 2.6% up

    Stocks ended significantly higher at the Athens Stock Exchange on Thursday, recovering much of the losses posted in the previous two sessions. The composite index of the market increased by 2.60 pct to end at 1,502.83 points, with turnover a low 98.71 million euros.

    The Big Cap index was up 2.85 pct, the Mid Cap index ended 1.11 pct up and the Small Cap index was up 1.95 pct. Hellenic Postbank posted a whopping 13.59 pct gain, while Hellenic Telecoms was up 9.92 pct.

    Telecoms (9.92 pct) and Raw Materials (3.72) posted the biggest earnings of the day, while Insurances (3.26) posted the biggest losses.

    Broadly, advancers led decliners 113 to 47 with another 48 issues unchanged.

    More details on the subscriber's page of APE-MPE | Subscription request form


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