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Trade deficit drops sharply in Oct, down 6 pct in 10M
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
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Quarterly unemployment eases to 8.2 pct in Q3, lowest since end-2008
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OECD sees sustained growth of 2.2 pct in 2026, challenges persisting
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Unemployment stable at 8.6 pct in Oct
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Lost decades for Greek incomes tell different story to recovery narrative
Moody's upgrade underlines gap between economic story and reality for households
The recent upgrade of Greece’s credit rating by Moody’s to investment grade highlighted the difficulties that Kyriakos Mitsotakis and his administration have had in building traction for the government’s economic record with the Greek public.
Moody’s upgrade completes the cycle of all leading rating agencies placing Greece in the investment grade category. This came after a long effort that spanned years since 2012 when GGBs were placed on selective default after its debt haircut deal.
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