Greece economy

In May, the unemployment rate in Greece fell to 10.8% according to data released by the  Hellenic Statistical Authority on Friday. The newly released statistics are generally consistent with a trend toward lower unemployment in Greece over the past few...

Greek bonds are already trading as though Greece has regained investment grade, bank analysts told Reuters on Friday. The news agency reports that investors consider Greece's return to investment-grade credit ratings "a done deal". "Investors are hopeful that the New Democracy...

The prospects for the Greek economy have been lauded by two separate reports from  Moody's and Goldman Sachs. Moody's estimates that the general government debt will be falling below 150% of GDP in 2025 from 171.3% in 2022, thanks to...

Greece was named this week the top economic performer for 2022 among selected OECD nations by the Economist magazine. The Economist ranked Greece according to five key indicators in its analysis of 34 OECD countries. Greece fared the best in...

Greece exported a record 20.5 billion euros ($20.6 billion) worth of goods in the first five months of the year. However, a rise in imports and a decline in domestic consumer spending dampened the good news. From January through May,...

Greece's unemployment rate fell to 12.8% in December 2021, marking a significant decline over December 2020's 13.4% and November 2020's 15.5%, according to official figures released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. During 2021, Greece experienced wild swings...

Direct foreign investments in Greece rose by 77 percent in 2020, a report by multinational accounting firm Ernst & Young Greece revealed.

The Bank of Greece (BoG) said on Monday that economic growth will reach 4.2 percent this year, as it had also forecast in its previous report

S&P Global Ratings, the American credit rating agency, upgraded Greece’s sovereign credit rating by one notch on Friday, to "BB" from "BB-".

Greece announced it will issue a 30-year bond, the longest-maturity sale since 2008, completing the country’s full return to debt markets.