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Economy
Rating agencies concur in improved prospects for Greece The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.
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Economy
Fitch upgrades Greek rating to B-, sees debt sustainability improving Fitch on Friday became the latest agency to upgrade Greece’s long-term credit rating, raising it to B- from CCC with a positive outlook.
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EconomyMacroeconomy
Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016 Greeces’ seasonally adjusted (SA) GDP fell by 0.4 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after an upward revised growth of 0.9 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Tuesday.
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EconomyMacroeconomy
European Commission positive on Greece's macro and fiscal prospects Greece is showing signs of recovery and its economy is expected to strongly rebound as of 2017 if the second programme review is completed, the European Commission (EC) notes in its winter economic forecasts published on Monday.
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EconomyMacroeconomy
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year.
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EconomyMacroeconomy
ELSTAT revises nominal 2015 GDP contraction to 1.3 pct In its second estimate of the annual national accounts for 2015, the Hellenic Statistical Authority (ELSTAT) revised downward the drop in nominal GDP to 1.3 percent from the 0.9 percent initially announced on March 4.
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EconomyMacroeconomy![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF upgrades Greece’s GDP and unemployment rate estimates In its latest World Economic Outlook (WEO) published on Tuesday, the International Monetary Fund was upbeat in its estimates regarding Greece’s GDP and unemployment rate, upgrading its previous forecasts released on April 12.
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EconomyMacroeconomy
Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise The Greek seasonally adjusted (SA) GDP at constant prices increased by 0.2 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016 after a revised drop of 0.2 percent in Q1, the Hellenic Statistical Authority (ELSTAT) provisional estimates displayed on Monday.
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EconomyMacroeconomy
Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight Greece’s seasonally adjusted (SA) GDP at constant prices rebounded by 0.3 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016 after a revised drop by 0.1 percent in Q1, Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday.
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EconomyMacroeconomy
BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year The Bank of Greece (BoG) disclosed for the first time in its monetary policy report published on Wednesday its detailed medium-term (until 2018) macroeconomic forecasts.