MacroPolis

Recent study issues warning over ageing population, future pension burden

By: Omaira Gill

Greece is facing a demographic time bomb in the coming years due to its ageing population, a new study has shown.

Athens taking more time to consider 2019 measures ahead of budget talks

Apart from its effect on the government’s cohesion and political outlook, the recent wildfire on the outskirts of Athens is also having an impact on the preparations for next year’s budget.

Athens identifies drivers for growth as it draws up strategy for next years

One of the integral parts of the final review of Greece’s third programme is a growth plan that the authorities will have to agree with eurozone partners and will act as the country’s own policy compass outside the regular supervision by official creditors.

Rating agencies up Greece's scores, adding to positive outlook

The latest round of rating activity for Greece by the three leading agencies left Greece with improved credit scores by all raters and sustained the positive outlook for the country’s prospects.

GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017

Greece’s seasonally adjusted (SA) GDP grew by 0.1 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2017 after an upwards revised increase of 0.4 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.

Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects

In an unexpected move on Wednesday night, Moody’s was the latest ratings agency to upgrade Greece’s credit worthiness by two notches, to ‘B3’ from the ‘Caa2.’ maintaining the positive outlook.

Fitch upgrades Greek rating to 'B,' sees hybrid MoU exit and 2.1 pct growth this year

Fitch upgraded on Friday Greece’s long-term credit rating by one notch to ‘B’ from ‘B-‘, maintaining a positive outlook.

Commission keeps outlook on Greece stable, sees growth picking up this year

In the winter forecast it published on Wednesday, the European Commission kept unchanged its projections for Greece, which see real GDP growing by 1.6 percent in 2017 and by 2.5 percent this year and next.

GDP growth slows in Q3 amid lower 2017 forecasts

Greece’s seasonally adjusted (SA) GDP grew by 0.3 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2017 after an upwards revised increase of 0.8 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.

OECD sees growth picking up, warns about society and financial sector

The Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year.