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Greece

IMF Says Greek Economy Will Grow by 6.5% This Year

The International Monetary Fund (IMF) announced on Tuesday that the Greek economy is looking at a growth rate of 6.5% by the end of 2021. The IMF detailed the country's growth for 2021 in their global economic outlook report, where...

IMF: Greek Economy to Grow 3.3% in 2021; By 5.4% in 2022

A new report from the International Monetary Fund (IMF) released on Wednesday estimated that the Greek economy will grow by 3.3% this year.

Greek Economy “Shows Resilience”; Contraction in 2020 Less than Expected

The Greek economy is in a better shape than it was feared according to official data released by the Hellenic Statistical Authority on Friday.

OECD Says Greek Economy to Begin Recovery in 2021 in New Report

In an overall positive report regarding the prospects for the Greek economy, the Organization for Economic Cooperation and Development (OECD) reported on Tuesday that although the economy will contract by 10 percent in 2020 due to the ramifications of the...

EU Says Greek Economy to Contract Nine Percent in 2020, Rebound in 2021

A new European Commission report released on Thursday stated that it expects the Greek economy to contract by 9.0 percent this year, but rebound, growing by 5.0 percent in 2021,  due to the economic upheaval caused by the coronavirus...

Greek Economy Contracts a Record 15.2% in Second Quarter of 2020

The Greek Statistical Authority (ELSTAT) announced on Thursday that the Greek economy  contracted by 15.2% in the second quarter of 2020, a record which even surpasses the recession during the peak of the economic crisis in the years 2011-12. ELSTAT...

Greek Economy to Receive Enormous Boost From EU Recovery Plan

  The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled the "Next Generation EU" plan, agreed upon earlier this month, according to Bank of Greece...

Greek Economy to Contract by 9 Percent in 2020, EU Report Says

The Greek economy is projected to contract by 9.0 percent this year; however, growth projections for 2021 foresee growth of 6.0 percent, the European Commission said in its Summer Economic Forecast report released on Tuesday. The EU executive body said...

Capital Link Forum On Re-Starting Greek Economy Post-Covid-19

Prominent policymakers, entrepreneurs and academics from both sides of the Atlantic will participate in the 10th Annual Capital Link CSR Forum, titled "Economy and Society: The Next Day," which is due to take place virtually on June 23. The Forum,...

Greek Economy to Contract by Almost 10 Percent, EU Says

The Greek economy is set to contract by 9.7 percent in 2020 because of the Covid-19 pandemic, the European Commission forecast on Wednesday. Greece, along with Italy, Spain and Portugal will be among the hardest hit nations by the economic...

Greek Economy Expected to Contract by Up to Three Percent in 2020

Greek Finance Minister Christos Staikouras said on Thursday that the country's economy is expected to contract by between one and three percent in 2020 due to the coronavirus crisis. Speaking to Skai TV, he said he expected the impact to...

OECD Releases Cautiously Positive Report for Greek Economy

The Greek economy is projected to grow by 2.1 percent in 2020 and 2.0 percent in 2021, after experiencing a 1.8 percent growth rate in 2019, the Organization for Economic Cooperation and Development (OECD) said on Thursday. In its newest...

Greek Economy Fails to Compete Due to Overtaxation

Greece is not tax competitive compared to other countries because over-taxation drives investors away, according to information gleaned from the latest International Tax Competitiveness Index (ITCI). Specifically, Greece ranks 30th among the thirty-six countries of the Organization for Economic Co-operation and...

Greek Economy Grew by 1.9% During Second Quarter of 2019

The Greek economy grew by 1.9 percent during the second quarter of 2019, compared to the corresponding period in 2018, the Greek Statistical Authority (ELSTAT) announced on Wednesday. The statistics service also announced that Greek GDP rose 0.8 percent in...

September Will be Crucial Month For Course of Greek Economy

September is considered to be a pivotal month for the Greek economy, regarding both budget figures and contacts with its European partners on the issue of fiscal targets and the implementation of reforms. The first important date is September 4, when...