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OECD adds to strong recovery forecasts, sees 6.7 pct growth this year and 4.8 pct in 2022
Economya strong economic recovery this year and will see continued expansion into 2022, assisted by the RRF. The Paris-based organization sees Greece growing by 6.7 pct this year and just short of 5 pct... than double from the 2.1 pct of 2021, to 4.4 pct next year. Public finances will enter a recovery
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Car sales continue to grow in Dec for rise of 23 pct in full year
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 21.4 percent year-on-year... (ELSTAT) data released on Friday. In December 2020, the year-on-year change was a drop of 6 percent. Car sales in December came to 12,007 compared to 9,465 last year, an increase of 26.9 percent
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Strong surplus in Nov as travel balance nears year-end with 58.6 pct of 2019 intakes, 46.7 pct of arrivals
EconomyMacroeconomyto the 33.3-million-euros figure of last year, the November 2021 data is even higher than the 108.8 million euros of November 2019. Receipts came to 286.8 million euros for the month, nearly four times year-on-year, from 70.3 million euros. Travel payments rose by 205.7 percent to 113 million euros. Foreign
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Balance of payments shows shipping on course for bumper year, but economic benefits unclear
EconomyFeaturescontributing 2.16 billion in receipts, compared to 1.44 billion the same month last year, an increase of 50... is on course for a record year. However, this comes during a period when Greece’s overall current account deficit widened to over 10 billion euros in the first five months of the year, an increase
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economyin April this year when S&P moved Greece one notch from investment grade. Moody’s latest rating upgrade was in November 2020 by one notch. Fitch sees Greece growing by 5.5 pct this year, on the back... stagnating in the first half of next year, before picking up in the second half, which will lead to small
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GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
EconomyMacroeconomyto 2.7 percent year-on-year (YoY), from a 2 percent YoY rise in Q1. The quarterly movements in Q2... by 1.4 percent annually. Exports rose by 0.1 percent year-on-year, with goods down by 1.8 percent... this year and by 2.2 pct in 2024. The European Commission upped its outlook on Greece for this year
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PDMA taps markets for first time this year via modest bond reopening
EconomyGreece’s debt managers have tapped the markets for the first time this year, with the reopening... of reopenings were used extensively by the Public Debt Management Agency (PDMA) last year, with the first such move taking place in April last year, when a 10-year issue was reopened asking for 300
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomyseen rising by 1.7 pct this year, from 1 pct before. Gross fixed capital formation is seen lower... of exports of goods and services is also seen more modest, at 1.3 pct this year, from 2.8 pct in 2023, rising to 2.9 pct in 2025. HICP is also expected to moderate to 2.9 pct this year and 2.3 pct in 2025
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Inaugural bond for 2026 breaks demand and spread records, covers half of year's debt strategy
EconomyGreece’s debt managers tapped markets for the first time this year on Tuesday with a transaction... cover half of the debt strategy of the year. It was briefed recently that the Public Debt Management Agency (PDMA) was looking to leverage favourable market conditions early in the year with a sizable
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PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
Economypillars of the plan. The aim of plan is to mobilise 10.4 billion euros under this pillar once the private... 1.1 billion euros of the EU grants. Of the four pillars, the other pillar where the government aims... euros with the addition of bank lending. These funds have not been allocated to specific pillars
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