Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023EconomyMacroeconomy
Amidst gloomy global economic prospects, which led to significant growth revisions in the World Economic Outlook that was published yesterday as part of the annual meetings of the IMF and World Bank, the Fund offered a small glimpse of hope to the Greek authorities for the challenging year ahead.
Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pctEconomyMacroeconomy
The Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece is seen growing by 2.1 pct in 2023 and securing a primary surplus of 0.7 pct of GDP, marginally below the stated commitments.
PBO sees medium-term risks mounting, despite positive near-term outlookEconomyMacroeconomy
The Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter of the year, and notes the relative positive picture in the near-term, despite the uncertain times due to the energy crisis. However, it notes a series of challenges and risks in the medium-term.
Quarterly GDP growth slows to 1.2 pct in Q2 as investments shrink and imports riseEconomyMacroeconomy
Greece’s seasonally adjusted (SA) GDP increased by 1.2 percent quarter-on-quarter (QoQ) in the second quarter (Q2), from an upwards revised 2.9 percent in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
Impact of uncertainty on economy starting to emerge in hard dataEconomyFeatures
The uncertainty of the Ukraine conflict, which is being felt primarily through the energy crisis and the swelling inflation wave, has been reflected for months in sentiment surveys and is now gradually filtering through in hard data, sending the first recessionary signals.
Fitch leaves rating and outlook unchanged, underlines fiscal performance key to higher gradeEconomy
Fitch affirmed on Friday Greece’s ‘BB’ credit rating and kept the outlook positive, remaining one notch behind S&P and two notches from investment grade.
BoG revises growth forecast down to 3.2 pct amid growing uncertaintyEconomyMacroeconomy
The uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8 pct expected in April.
PBO urges continued fiscal discipline amid growing instabilityEconomy
In its latest report covering the first quarter of 2022, the Parliamentary Budget Office (PBO) sees mixed signals for the Greek economy and expects international factors to play a key role in developments in the near term.
OECD lowers 2022 growth forecast to 2.8 pct as challenges mountEconomyMacroeconomy
The OECD revised down its growth forecasts for Greece for 2022 amidst surging global inflation, heightened uncertainty, and tighter monetary policy conditions.
GDP rises by 2.3 pct QoQ in Q1 as consumption grows, but other components shrinkEconomyMacroeconomy
Greece’s seasonally adjusted (SA) GDP increased by 2.3 percent quarter-on-quarter (QoQ) in the first quarter (Q1), from an upwards revised 0.8 percent in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.