Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Rise in import prices slow further to 15.7 pct YoY in Nov
Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
Athens starts MTFS process with baseline scenario that sees growth slowing down
The regular cycle for the preparation of Greece’s Medium-Term Fiscal Strategy (MTFS) for the 2020–2023 period began on Friday with a memo that was issued by the Alternate Finance Minister Giorgos Houliarakis to all the ministries involved in the process.
The document includes the main macroeconomic assumptions for all the elements that will drive economic activity over the next five years. The assumptions remain broadly unchanged from last year’s process, which ran up to 2022.
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