Economic growth

ATHEX: Benchmark declines to two-month low

Greek stocks suffered heavy losses at the end of the week as they were affected by the very negative climate abroad regarding the impact of the coronavirus epidemic on the economy as well as the growing tension in northern Syria. This has taken the main index at Athinon Avenue below the 900-point mark, to a two-month low.

IMF Chief Kristalina Georgieva: The Coronavirus may Damage Global Growth

She said the full impact of the spreading disease that has already killed more than 1,600 people would depend on how quickly it was contained.

"I advise everybody not to jump to premature conclusions. There is still a great deal of uncertainty. We operate with scenarios, not yet with projections, ask me in 10 days," Georgieva said.

Sectoral confidence starts year on high note

Confidence in Turkey's key sectors of services, construction, retail trade advanced on a monthly basis in January, the country's statistical authority announced on Jan. 27.

The construction sector confidence index posted the highest performance this month, rising 14 percent month-on-month, Turkish Statistical Institute (TÜİK) data showed.

Turkey to attract $15 billion of FDI, says Albayrak

Turkey is expected to post an economic growth figure for the past year, Treasury and Finance Minister Berat Albayrak forecast yesterday.

"We will end 2019 with a historic soft landing in terms of gross domestic product," Albayrak said at a meeting with journalists in Istanbul, adding that inflation will keep being a major indicator for 2020.

The Prime Minister of Finland Proposes the Introduction of a 4-Day Working Week

Finland's new Prime Minister Sanna Marin plans to introduce a four-day work week with 6-hour business days.

According to her, a flexible schedule will allow workers to spend more time with their families. Marin believes this would also increase labor productivity.

The proposal was welcomed by Education Minister Li Andersson, the Daily Mail reported.

Exporting production

There are many encouraging examples from around the country. Producers who managed to break the vicious cycle of inertia.

Entrepreneurs who have invested in the quality of Greek products, who have succeeded in making the most of the unrivaled natural capital for domestic production, who are leading the way for an extroverted sector.

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