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Deposit outflow at 550 mln in Oct, led by a decline in corporates
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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S&P leaves Greece a notch away from investment grade as outlook blurs
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
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Yields rise, but Greek debt still partly shielded from market headwinds
IMF aligns Greek projections with EU, revises down GDP
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-large.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
In its latest World Economic Outlook (WEO) published on Tuesday, the IMF presented its updated macro forecasts on Greece, which are based on data available on August 12.
As expected, the IMF revised downward its GDP estimates, aligning them with those the European Commission (EC) released in mid-August, which see a recession of 2.3 percent in 2015 and 1.3 percent in 2016.
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