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Greek GDP

European Report Claims Greek Economy Will Grow 2.5 pct

The Greek economy is expected to grow by 2.5 percent this year and in 2019, the European Commission said in its economic outlook estimates for the 2017-2018 period, released on Wednesday. The report said economic recovery was expected to strengthen...

Greece is World Champion in Shadow Economy, at 21.5% of GDP

More than one in five euro notes changing hands in Greece is not recorded, as shadow economy amounts to 21.5% of gross domestic product, according to a study by the Institute for Applied Economic Research, at the University of Tübingen. Greece is the leader among...

Greek Statistics Service Suspends Release of GDP Flash Quarterly Estimates

Statistics service ELSTAT has suspended until further notice the release of flash quarterly estimates on the country's gross domestic product because of divergences with provisional estimates, an official at the statistics service announced on Monday. The move means that flash...

OECD: Greek GDP Per Capita Dropped By 22.8% in Eight Years

The Organization for Economic Cooperation and Development published new data on Tuesday that highlights, among other figures, the negative performance of the Greek economy in the last eight years between the first quarters of 2007 and 2015. The initial decline in Greece's various economic indexes...

Greek GDP Grows 1.6% in Q2

The Greek economy grew at a slightly faster rate in the second quarter of 2015 with the country's GDP rising 1.6%, up from an initial estimate of 1.4%, Hellenic Statistical Authority (ELSTAT) said on Friday. The statistics service, in its revised...

Greek Parliamentary Budget Office Releases Gloomy Forecast for Greece's Economy

The Greek Parliamentary Budget Office found that the Greece's economy will face a tough few months ahead. In its quarterly report for the April and June 2015 period, the Office noted that the capital controls in effect since June 28 will not be lifted...

Greece Takes 42nd Place Among Richest Countries in the World

Qatar, Luxembourg and Singapore are not just three of the smallest countries in the world, they are also the three richest countries on the planet. A recent analysis released by Global Finance Magazine “the most commonly accepted method of determining...

EU Commission Slashed Greek Economy Forecasts

The European Commission slashed its previous forecasts regards the Greek economy growth in 2015 and the country’s primary surplus, announced Pierre Moscovici on Tuesday, May 5. The Commission, which finished gathering data for its forecast on April 21, noted that...

Greek FinMin Varoufakis: We Can't Accept the Fiscal Adjustment Signed by the Previous Govt

Greek Finance Minister Yanis Varoufakis is currently holding the third and most crucial of a series of meetings with his Eurozone counterparts in Brussels in an attempt to strike a deal regarding the future of the Greek program. The talks...

Finnish PM to Reject any Greek Debt Forgiveness

Finnish Prime Minister Alex Stubb has warned in an interview with the Financial Times today that his country is ready to give a "resounding no" to any move to forgive Greece's debt, putting his country's government on a collision...