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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
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PMI rises to 50 points in September, signalling stabilisation
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
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Greece draws strong interest, attractive yield by re-opening 10-year bond
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
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OECD releases new outlook calling for sustained reforms post Covid-19
European Commission says 2014 is a turning point for Greece as growth resumes
In its autumn economic forecast released today, the European Commission (EC) highlights that 2014 would be the turning point for Greece with the domestic economy turning to growth after six years of recession.
EC retains unchanged its previous forecasts calling for GDP growth of 0.6 percent in 2014, 2.9 percent in 2015 and 3.7 percent in 2016. In addition, it stresses that in seasonally-adjusted terms – not publicly available by the statistical authorities – ...
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