Employment balance year-to-date posts record despite more departures in July
Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Retail index jumps 5.3 pct in May led by fuel and supermarket sale
S&P revises outlook to positive, sees encouraging signs after debt deal
S&P upgrades Greece to 'B+' on back of Eurogroup agreement
ECB report highlights sluggish Greek economic growth
EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
In its autumn economic forecasts published on Thursday, the European Commission (EC) revised its estimates on the Greek economy to take into account the uncertainty surrounding the bank holiday and the imposition of capital controls in late June.
The negative carryover from 2015 will result in a recession of the whole 2016, although recovery is expected sometime next year. The latter would be largely supported by an improvement in confidence, re-launching of investments and privatisations and st...
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