Global financial crisis weighs on Greek growth outlook
Global financial crisis weighs on Greek growth outlook
Greece Macro Monitor
01 Δεκεμβρίου 2008
• Domestic inflation spiked sharply higher in the first three quarters of 2008, fuelled by higher input costs and accelerated wage growth. Yet, retreating demand-side pressures, lower energy prices and favorable base effects are likely to facilitate some moderation in year-on-year CPI during the last quarter of this year. In 2009, we see disinflation accelerating, with the average annual CPI rate retreating below 3.5%
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