Investment grade boost visible in strong demand for Greek assets
Labour database shows 8 in 10 workers earn less than 1,200 per month
Investment grade rewards evident in first bond issuance of 2024, attracting record demand
PDMA taps markets for first time this year via modest bond reopening
Greece aims to replicate last year's successful debt strategy in 2024
Benefits of investment grade starting to become visible
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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