Greece Close to Regaining Investment Grade Status, Goldman Sachs Says
On Friday, Goldman Sachs said that Greece is "on the cusp" of regaining an investment-grade rating more than 12 years after Greece's credit rating was impacted by the financial crisis. According to Goldman Sachs, the second-largest investment bank in the...
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.
Mitsotakis: Greek Economy Is in a 'Tragic State'
The real economy is in a tragic state and this was confirmed by the revised data on Greek GDP for the fourth quarter of 2016, which showed that the economy shrank more than expected, the leader of New Democracy...
Greece's GDP Improves Despite Loss of €1 Bln in Tourism Revenue This Year
Greece suffered a one billion euro tourism revenue shortfall this year due to continuous economic and political instability, and the refugee crisis, Hellenic Federation of Hoteliers Head Yiannis Retsos revealed. According to recent data the Association Of Greek Tourism Enterprises (SETE) released,...
European Commission: Greece GDP Shrinks 4.7%
Greece's economy remains mired in a deep recession with no signs of an upturn in sight, the European Commission said Friday, as waves of austerity measures and collapsing consumer and business confidence weigh on output. According to the spring forecasts...