S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
PDMA sets out plans to build on recent market forays with bond issues in 2019
Backpay for civil servants gets "positive" measures rolling for government
Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
Moody's explains cautious approach to Greek credit rating upgrade
EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
In its spring economic forecasts released on Tuesday, the European Commission (EC) lowered its estimates for Greek GDP contraction to 0.3 percent in 2016 from 0.7 percent expected in early February. EC noted that the slower than initially anticipated recession this year is largely due to the more moderate adverse trends in the second half of 2015.
In specific, domestic demand is seen remaining in negative territory in 2016, while the drop in consumption is expected to be partly offset by a positive net exports on the back of another year of strong tourism performance and positive contributions fr...
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