GDP
Economy
Moody's Says Agreement With Creditors Paves Way for Greek Debt Relief
An agreement reached between Greece and its creditors raised the possibility of a debt relief in the official sector and it is positive for the country's credit rating, Moody's said in a credit outlook analysis.
The credit rating firm said...
Economy
Greece Records Primary Surplus of 3.9% of GDP in 2016
Greece recorded a primary surplus of 3.9 percent of GDP in 2016, official figures showed on Friday. Hellenic Statistical Authority, in a report, said the general government recorded a primary surplus of 3.9 percent of the country's Gross Domestic...
Economy
IMF Report: Greek Economy to Grow 2.2% in 2017 and 2.7% in 2018
Economic growth in Greece will reach 2.2 percent in 2017 and increase to 2.7 percent in 2018, the International Monetary Fund said in its World Economic Outlook report, presented on Tuesday by the Fund’s chief economist Maurice Obstfeld. However,...
Economy
All Eyes Turned to Washington for World Bank Group and IMF Spring Meetings
Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis on Thursday will depart for Washington where the 2017 spring meetings of the World Bank Group and the International Monetary Fund will take place. The Greek ministers hope that...
Economy
Debt Relief for Greece Essential, Peterson Institute Working Paper Concludes
Greece cannot sustain primary surpluses exceeding 3.5 pct of GDP for more than three or four years at most and will therefore need additional debt relief from its European creditors, according to a study published on the Peterson Institute...
Economy
Greece Must Strengthen Social Safety Nets, OECD 'Going for Growth' Report Says
Greece must continue to strengthen social safety nets, ease regulation in network industries, enhance efficiency in public administration; improve the fairness and efficiency of its tax system and improve the quality of its education system. This is according to...
Economy
Property Tax in Greece Went Up Sevenfold in 7 Years
In 2016, Greeks were called to pay seven times more in property taxes compared to 2009, even though they had to deal with a 25 percent drop in GDP and similar unemployment percentages.
According to figures from the tax office,...
Economy
Greece Leads in Most Spent on Elderly Pensions Than Eurozone Counterparts
One of the biggest thorns in the negotiations between Athens and international bailout auditors is Greece's pension expenditure, highlights a Bloomberg report that presents a graph depicting the percentage of GDP spent on pensions by Eurozone countries.
The report states...
Economy
Talks Between Greece and Creditors Resume Thursday With Slim Chances of Staff Level Agreement Soon
Negotiations on the bailout program review between Greece and international creditors resumed on Thursday afternoon after Wednesday's closing of the issue of settlement of red business loans out of court.
The two sides converged on some issues, but a European...
Economy
Greek GDP Unchanged in 2016
Gross domestic product in Greece remained unchanged in 2016, totaling 184.5 billion euros in terms of volume, according to figures released by the independent statistics agency on Wednesday.
The Hellenic Statistical Authority (ELSTAT), in its provisional report on annual national...