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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomy 08/05/2024 - 09:26
In its latest economic outlook, the OECD is slightly more optimistic about Greece’s growth prospects, although it warns that there is no room for complacency as the economy’s structural challenges need to be addressed and the public spending the economy requires will lose the boost it had received from the RRF when the scheme concludes in 2026.
BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
EconomyMacroeconomy 09/04/2024 - 13:23
Ahead of the general meeting of its shareholders, the Bank of Greece released on Monday the annual governor’s report for 2023 in which it sees progress on several fronts, notably securing the investment grade for GGBs.
Government lines up new zoning scheme, fuelling debate over growth model
PoliticsGreek Politics 10/01/2024 - 11:37
The government has unveiled its plans to introduce a new zoning plan, which it says will restore some order to construction activity in Greece but which others fear will pave the way for more building in areas outside of the updated scheme.
Mitsotakis targets reforms, but day-to-day challenges set to dominate agenda in 2024
PoliticsGreek Politics 03/01/2024 - 11:43
Having reaffirmed his government’s commitment to reforming and modernising Greece in his New Year message, the pressure is on Prime Minister Kyriakos Mitsotakis to show that New Democracy can deliver on this pledge during 2024 and maintain the political dominance it displayed in last summer’s general elections.
Mitsotakis aims for faster reform process in 2024
PoliticsGreek Politics 27/12/2023 - 11:37
As the year comes to a close, Prime Minister Kyriakos Mitsotakis has attempted to set the tone for his government’s performance in 2024 by stating that the pace of change has to increase in the new year.
BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
EconomyMacroeconomy 21/12/2023 - 09:54
The Bank of Greece published on Wednesday its interim monetary policy report for 2023, which assesses the economy’s progress over the year, though challenges are clouding the outlook.
IMF sees short-term progress and persistent long-term challenges
EconomyMacroeconomy 15/11/2023 - 10:51
The IMF published on Tuesday the concluding staff statement of the mission in the context of the Article IV consultations which took place recently.
OECD outlines several areas where reforms could boost growth potential
Economy 04/10/2023 - 10:54
The OECD published on Tuesday the annual Going For Growth report for 2023, with economic performance obstacles at country level and the relevant policy recommendations for four main areas.
Government dampens expectations for handouts in PM's speech
PoliticsGreek Politics 21/08/2023 - 12:18
In less than three weeks, Prime Minister Kyriakos Mitsotakis will attempt to set the tone for his government’s second term in office, when he delivers the keynote speech to mark the opening of this year’s Thessaloniki International Fair (TIF), but aides have started to dial down expectations that the address will be an opportunity for the PM to make significant economic pledges.
Growing challenges await PM following summer break
PoliticsGreek Politics 14/08/2023 - 13:46
As Greece reaches the peak of its summer, Prime Minister Kyriakos Mitsotakis faces a daunting return from his vacation due to several government slip-ups over the last few weeks and a series of challenges that lie ahead.