Macroeconomy
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
The European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin.
Fitch leaves rating unchanged at 'BBB-', ups outlook to positive
On Friday, Fitch became the latest leading rating agency to publish a rating review for Greece, keeping the rating unchanged at ‘BBB-‘, the first step of the investment grade, while the outlook was revised up from stable to positive.
Significant underspend and strong tax revenues push primary surplus to April above 5 bln
The budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
Energy drives import price index drop of 2.5 pct YoY in Mar
Greece’s import price index continued its contraction in March, with a 2.5 percent year-on-year (YoY) decrease, after a 0.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car sales up 2.9 pct YoY in Apr, down 0.5 pct over first four months of 2025
Vehicles going into circulation for the first time dropped by 2.1 percent year-on-year (YoY) in April, after an increase of 6.8 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Commitment to reducing debt front and centre in government fiscal policy
Greece's debt returned to the forefront of public debate last week following the visit of the Finance Minister Kyriakos Pierrakakis to the PDMA and the optimistic outlook he presented on the future prospects and plans to reduce Greece's debt burden.
Industrial Production contracts 1.7 pct YoY in Mar as all components drop
Greece’s Industrial Production Index (IPI) slowed further in March with a 1.7 percent year-on-year (YoY) rise, after a significantly upwards revised 6 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI moderates to 2 pct in Apr, rents continue to climb with 10.8 pct YoY rise
Greece’s Consumer Price Index (CPI) has stabilised in the recent months, with a rise of 2 percent year-on-year (YoY) in April, from 2.4 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Fuel drives sharp YoY rise of 25.3 pct in Mar trade deficit
Greece’s trade deficit rose significantly by 25.3 percent year-on-year (YoY) in March, after a sharp drop of 18.3 percent in February, according to data released by ELSTAT on Thursday.
Fiscal data impressive but details suggest caution still required
The state of Greece’s public finances took prominence in the public debate when Eurostat and ELSTAT published the official data for the 2021 to 2024 period, with Greece presenting a sizable primary surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total surplus of 3.18 billion euros, or 1.3 pct of GDP.