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Economy
Fitch takes no rating action, leaves outlook stable In Greece’s latest rating review on Friday, Fitch took no action and left the country’s grade unchanged at ‘BBB-‘, with the outlook also remaining stable.
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EconomyMacroeconomy
EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly The European Commission published on Friday the latest autumn forecasts that included minor adjustments for the Greek growth outlook from the previous estimate in May.
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EconomyMacroeconomy
IMF forecasts add to concerns about sluggish growth ahead Greece’s economic outlook received another dose of reality this week as the IMF published the latest economic outlook in its World Economic Outlook (WEO) in the context of the annual joint meetings with the World Bank.
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EconomyMacroeconomy Latest IMF forecasts see solid fiscal performance, poor growth beyond RRF During the annual IMF and World Bank meetings in Washington, the Fund published its latest economic and fiscal estimates in the World Economic Outlook (WEO) and Fiscal Monitor (FM) publications.
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EconomyMacroeconomy
Revision of GDP to have varied knock-on effect The Hellenic Statistical Authority (ELSTAT) released this week the second estimate for 2023 GDP, along with some benchmark revisions of the base year to 2020 and the years prior, starting at 1995.
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EconomyMacroeconomy
Draft budget maps out narrow fiscal path for coming years The new fiscal reality that the Greek government will have to deal with was set out in black and white in the draft budget for 2025, which was tabled to Parliament on Monday in the wake of the medium-term fiscal-structural plan (MTP) being presented by the Finance Ministry last week.
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EconomyMacroeconomy
Draft budget for 2025 sees 2.3 pct growth and strong primary surplus The draft budget for 2025 was tabled in Parliament on Monday, with the main parameters in line with the medium-term fiscal-structural strategy (MTS) that was presented by the government last week.
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EconomyMacroeconomy New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes The Finance Ministry presented on Monday the latest Medium Term Fiscal Plan for the 2025-2028 after negotiations with Brussels within the context of the new SGP rules.
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Economy
Credit rating reviews highlight pressure points in economy The Greek government has been under pressure since the poor result in the European Parliament elections this summer.
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EconomyMacroeconomy GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast Greece’s seasonally adjusted (SA) GDP accelerated its gains in Q2, rising by 1.1 percent quarter-on-quarter (QoQ), from a 0.8 percent rise in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.