Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
PMI rises to 50 points in September, signalling stabilisation
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
OECD releases new outlook calling for sustained reforms post Covid-19
IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Greece is expected to experience a significant recession this year and a milder one next year, while unemployment may edge up this year, according to the latest report on the Greek economy published Foundation for Economic and Industrial Research (IOBE).
Commenting on the recent agreement with the eurozone, the report notes there are a lot of positive elements that should ensure broad domestic support.
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