Markets buoyed by election result
PDMA nears completion of annual debt strategy, taking another cautious step
Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
S&P only ups outlook, waits for political clarity before rating move
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
In its spring economic forecasts released on Tuesday, the European Commission (EC) lowered its estimates for Greek GDP contraction to 0.3 percent in 2016 from 0.7 percent expected in early February. EC noted that the slower than initially anticipated recession this year is largely due to the more moderate adverse trends in the second half of 2015.
In specific, domestic demand is seen remaining in negative territory in 2016, while the drop in consumption is expected to be partly offset by a positive net exports on the back of another year of strong tourism performance and positive contributions fr...
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