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Building activity rebounds strongly with 21.5% YoY rise in June
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Credit growth picks up pace in Aug, with 7.1% YoY rise
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Deposits rise to 224.43 bln, with 2.97 bln inflow in Aug
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VAT continues to drive budget performance in Aug, at 1.21 bln above target
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Travel receipts grew 7.2% YoY in July despite drop in arrivals
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Current account turns to surplus in July thanks to services, tourism
Government struggles to shape narrative as rising costs compete with positive outlooks
Last week offered the kind of struggle the Greek government has become accustomed to: attempting to convince the public that the economy is performing strongly while simultaneously reacting to developments that intensify the cost‑of‑living crisis.
More than a week ago, two rating agencies published their latest reviews. Moody’s upgraded its outlook from neutral to positive, while Scope Ratings went further, raising Greece by one notch to BBB+ with a stable outlook — now one step above S&P, Fitch ...
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