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
EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
In its winter economic forecasts released on Tuesday, the European Commission (EC) notes that recent data support expectations that Greece should return to growth in 2014. Confidence indicators continue to improve, whilst hard data releases suggest the first signs of recovery.
The EC retains its headline forecasts for Greek GDP growth unchanged at 0.6 percent in 2014 and 2.9 percent in 2015. Nevertheless, there are some differentiations in the evolution of the key GDP contributors:
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