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Greek GDP NOWcasting for Q2, Q3 & Q4, 2015; preliminary estimates of the impact of the new austerity measures

Based on a range of macro data releases up to July 24th, this note provides a preliminary estimate of Greece’s Q2 GDP as well as forecasts for the third and the fourth quarter of this year. It also presents a preliminary estimate of the recessionary impact of the new package of fiscal measures agreed at the July 13th Euro Summit.