Economy
S&P moves Greece closer to investment grade, puts focus on budget and growth
S&P on Friday night upgraded Greece’s credit rating by one notch to ‘BB+’, while the outlook was revised from positive to stable. Greece is now just one notch away from securing an investment grade with S&P.
Travel balance improves significantly in first two months of 2022
Greece’s travel balance recorded a surplus of 63 million euros in February, from 60.8 million euros in January 2022, according to Bank of Greece (BoG) data released on Thursday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
The International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth.
Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021
Greece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday.
Primary budget deficit at 1.69 bln euros in Q1 as tax revenues continue to overperform
The budget primary balance for the first three months of 2022 came to a deficit of 1.69 billion euros, compared to a deficit of 3.41 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
Industrial turnover recovery continues at pace, with 33.8 pct rise in Feb
Greece’s industrial turnover stayed on a solid recovery path in February, rising by 33.8 percent year-on-year (YoY), from an upwards revised 36 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Energy products lead rise as import price index escalates by 27.2 pct in Feb
Greece’s import price index posted another solid rise of 27.2 percent year-on-year (YoY) in February, after shooting up by 31.8 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Unemployment remains at 12.8 pct in Feb, lowest since summer 2010
Greece’s seasonally adjusted (SA) unemployment rate was broadly stable at 12.8 percent in February, from a slightly revised 12.9 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Employment balance stays positive in Mar, Q1 underperforms YoY
Greece’s employment balance stayed positive in March with 34,373 more hirings than firings, according to data from the Labour Ministry’s Ergani information system.
Growth in car sales slows to 7.6 pct in March
Road motor vehicles going into circulation for the first time increased by 7.6 percent year-on-year (YoY) in March, slowing down from the notable 38.3 percent rise in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.