MacroPolis

Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct

Greece’s seasonally adjusted (SA) GDP increased by 1.4 percent quarter-on-quarter (QoQ) at the close of 2022, from a rise of 0.4 percent in Q3, after the previous drop by 0.5 percent was revised upwards, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.

EC tweaks forecasts, sees 2023 growth at 1.2 pct

The European Commission updated its estimates in the latest winter forecasts, essentially retaining the view it held in the autumn, seeing modest growth of 1.2 percent in 2023, after a rise of 5.5 percent in 2022.

Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'

Fitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable.

OECD sees recovery slowing, urges fiscal discipline

OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.

BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist

The Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022.

PBO sees economy making soft landing, but facing challenges ahead

The Parliamentary Budget Office (PBO) released its latest quarterly report on Tuesday, which highlights some of the concerns for the coming year despite notable progress on the fiscal and economic front this year.

GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY

Greece’s seasonally adjusted (SA) GDP dropped by 0.5 percent quarter-on-quarter (QoQ) in the third quarter (Q3), from a downwards revised 0.6 percent in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.

Record FDI flow into Greece raises bar, but is it sustainable?

By: Georgia Nakou

Greece has reported record flows of inward investment in 2021 and looks set to exceed the amount again in 2022.

Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023

The Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite the global challenges - sees Greece outperforming EU peers and avoiding a recession, while also delivering a primary surplus.

EC cuts 2023 growth forecast by more than half to 1 pct

In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.