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EconomyMacroeconomy
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts The European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin.
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EconomyMacroeconomy
IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook The IMF released this week the latest macro and fiscal outlook in the context of the spring meetings. Its observations on Greece were in line with those in the recent Article IV consultations.
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Economy
Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle Moody’s upgraded Greece’s rating to ‘Baa3’ on Friday, while the outlook was revised from positive to stable. Greece has now secured the investment grade from all leading rating agencies, for the first time since the debt crisis erupted in 2010.
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Economy
DBRS ups Greece's rating one notch further into investment grade On Friday DBRS upped Greece's credit rating to ‘BBB’, one notch further into investment grade, while the outlook was lowered to stable from positive.
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EconomyMacroeconomy
Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct Greece’s seasonally adjusted (SA) GDP picked up pace in Q4, rising by 0.9 percent quarter-on-quarter (QoQ), from a 0.4 percent increase in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
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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's Article IV consultation notes progress, reiterates low long-term growth outlook The IMF published on Friday the staff statement following the conclusion of the mission in the context of Article IV consultations, noting the progress that Greece has achieved in recent years on the fiscal and debt fronts.
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EconomyMacroeconomy
BoG sees sustained growth and progress, but challenges require policy drive The Bank of Greece published on Friday the latest interim monetary policy report where, as is common practice, the central bank notes the positive developments in the Greek economy while it highlights specific areas where policy will need to address weaknesses to Greece’s economic outlook.
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EconomyMacroeconomy
GDP growth slows to 0.3 pct QoQ, investments underwhelm Greece’s seasonally adjusted (SA) GDP decelerated significantly in Q3, rising by 0.3 percent quarter-on-quarter (QoQ), from a 1.2 percent increase in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
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EconomyMacroeconomy
OECD sees stable growth of 2.2 pct next year and persistent structural challenges The OECD published on Wednesday the latest economic outlook with the growth estimates for Greece broadly in line with other international organisations and the Finance Ministry’s forecasts. The report also outlines a number of challenges for the economy from the medium-term.
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EconomyMacroeconomy
Details of 2025 budget point to complex economic challenges ahead The Finance Ministry tabled last Wednesday the final budget for 2025. As much as the headline numbers support the government narrative of stable growth and solid fiscal performance, the underlying numbers highlight the challenges for the coming years.