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GDP
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EconomyMacroeconomy
GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year Greece’s seasonally adjusted (SA) GDP moved up by 1.3 percent quarter-on-quarter (QoQ) in Q2, from a slightly upwards revised 0 percent in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
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EconomyMacroeconomy
PBO sees normality returning, but inflation will have multifaceted effects The Parliamentary Budget Office (PBO) published its latest quarterly report on Tuesday in which progress is outlined along with challenges for the Greek economy as the government starts a new term under the spectre of inflation.
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EconomyMacroeconomy
BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels The Bank of Greece published its latest monetary policy report, which re-affirms the growth outlook for this year, the challenges that lie ahead for the new Greek government as well as an array of policy recommendations.
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EconomyMacroeconomy Fitch takes no rating action as fiscal continuity remains crucial to investment grade Fitch took no action on Friday regarding Greece’s rating, re-affirming the country’s ‘BB+’ and keeping the outlook stable.
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EconomyMacroeconomy
OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption The OECD has become the latest international organisation to incorporate the more positive outlook for the Greek economy into its projections, revising upwards its growth forecast for 2023, to 1.6 pct, from 1.1 pct in the January estimate.
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EconomyMacroeconomy
Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ Greece’s seasonally adjusted (SA) GDP decreased by 0.1 percent quarter-on-quarter (QoQ), from a downward revised 1.1 percent in the last quarter of 2022, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
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EconomyMacroeconomy
EC reports highlight tight fiscal path and economic challenges The European Commission published on Wednesday two key reports, one was in the context of the 2023 spring recommendations and the other was the second report of the post-enhanced surveillance period.
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EconomyMacroeconomy
EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year The European Commission upped its outlook on Greece for this year in its latest forecast published on Monday. It now expects the Greek economy to grow by 2.4 pct in 2023, from 1.2 seen in the previous estimate in February.
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EconomyMacroeconomy
BoG stresses need to avoid putting investment grade at risk In its latest financial stability report published on Thursday, the Bank of Greece highlights the progress achieved in domestic banking and notes the challenges that lie ahead for the sector and the Greek economy.
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EconomyMacroeconomy Stability Programme sees improved growth, primary surplus above 2 pct from 2024 Greece submitted to the European Council and the European Commission the latest Stability Programme of 2023, covering the 2024-2026 period, in line with the Council regulations.