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S&P ups outlook to positive, leaves rating at 'BBB-'
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Moody's leaves Greece's rating unchanged, one notch from investment grade
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Investment grade boost visible in strong demand for Greek assets
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Labour database shows 8 in 10 workers earn less than 1,200 per month
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Investment grade rewards evident in first bond issuance of 2024, attracting record demand
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PDMA taps markets for first time this year via modest bond reopening
EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016.
In contrast, upside risks could stem from revenue administration reforms, which are not incorporated in current forecasts, and revenue buoyancy on the back of the overall resilience of macro and tax collection figures in the second half of 2015.
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