Tags
GDP
RSS-
Some key tasks pending as Greece edges closer to completing post-programme process
EconomyGreece formally completed the eleventh post-programme review, which took place remotely in mid-July and was followed by regular consultations, with the report published on Wednesday by the European Commission.
-
PBO highlights exceptional factors supporting recovery, cautions against complacency
EconomyThe Parliamentary Budget Office (PBO) issued its latest quarterly report on Tuesday, noting the economic recovery but warning against complacency as the factors behind the solid GDP rebound in the second quarter are circumstantial and transitory.
-
GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP rose by 3.4 percent quarter-on-quarter (QoQ) in the second (Q2) quarter of the year, from a slightly upwards revised 4.5 percent in the first quarter (Q1) of 2021, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
-
Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
EconomyAs anticipated, Fitch kept its credit rating for Greece steady at ‘BB’ with a stable outlook.
-
EC summer forecast sees growth edging up to 4.3 pct, driven by RRF
EconomyMacroeconomyThe European Commission continues to marginally revise upwards its forecasts for Greece’s growth: In the latest summer forecasts released on Wednesday it sees the economy growing by 4.3 pct in 2021, from the 4.1 pct expected in May.
-
BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
EconomyThe Bank of Greece issued on Monday the Monetary Policy Report for 2020-2021, which was submitted to the Parliamentary Speaker and the Cabinet.
-
MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid
EconomyMacroeconomyThe Finance Ministry submitted to Parliament the latest Medium-Term Fiscal Strategy (MTFS) for the 2022-2025 period, during which a strong economic and fiscal recovery is anticipated following the damage inflicted by the pandemic.
-
PM looking to build on RRF approval to augment profile as moderniser
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is beginning today a series of visits to various parts of the country to present the government’s Greece 2.0 recovery plan as he tries to build on the momentum of Thursday’s approval by the European Commission.
-
PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomyFollowing the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth of 2.7 pct, to the positive range of growth of 3.6 to 4.8 pct in 2021.
-
GDP rises by 4.4 pct QoQ in Q1 and falls 2.3 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP rose by 4.4 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2021 after an upward revised increase of 3.4 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.