High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
IMF sees contraction of 0.6 pct this year before strong rebound in 2017
The International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday.
The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is seen down 0.6 percent in 2016 and then strongly rebounding by 2.7 percent in 2017. Both estimates are broadly in line with those of the Europe...
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