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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
EconomyProgrammeThe Greek authorities overcame one more hurdle in the post-programme surveillance process as the European Commission released on Wednesday the tenth report since the final programme was completed in the summer of 2018.
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomyThe OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December.
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EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022
EconomyMacroeconomyThe European Commission updated its economic estimates for Greece in the context of the 2021 Spring Forecasts, where the estimates are slightly improved from the previous forecasts in February.