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Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
Real economic activity disappointed at the beginning of the year, with real Q1 GDP continuing the trend of weak readings over the last couple of years. Much of the weakness in the first quarter of the year can be attributed to business investment (including inventories) and net exports, mirroring the effects of past USD appreciation and oil price declines.
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