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Credit growth accelerates to 3.2 pct in May, led by loans to businesses
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PBO urges continued fiscal discipline amid growing instability
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Rising bond yields a concern, but not an immediate fiscal problem
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OECD finds tax cuts linked to pandemic helped reduce wedge on labour
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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
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S&P moves Greece closer to investment grade, puts focus on budget and growth
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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