Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
DBRS leaves Greece a notch from investment grade, outlook stable
Survey highlights households struggling with cost of living, delivers worst outlook since 2019
Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis
Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
Has internal devaluation really helped Greek exports?
The performance of Greece’s exports has been one of the main disappointments of the troika-led program. One of the pillars of Greece’s adjustment was meant to be internal devaluation, which through a number of reforms that would stimulate growth, absorb the collapse of domestic demand and re-direct production and capital to tradable goods.
In the report it handed to the Greek government earlier this week, the OECD takes a detailed look at the performance of Greek exports and highlights a number of factors that are holding back their growth. Many of these elements are related to the polici...
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