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Committee Led by Nobel Prize Winner Outlines Path of Growth for Greece

The "Development Plan for the Greek Economy," drafted by a committee chaired by Nobel Prize laureate in economics Christopher Pissarides, was posted in its entirety in the public interest on Tuesday. Some of the provisions of the plan include lower...

Greece Forecasts 10.5% Recession this Year, 4.8% Growth in 2021

The Greek economy is expected to contract by 10.5 percent this year and to grow by 4.8 percent in 2021, according to provisions included in the new state budget, which was brought before Parliament by Finance Minister Christos Staikouras...

Bank of Greece Forecasts Zero Growth for 2020

The Greek economy will fall to zero growth this year while it will show a significant divergence from fiscal targets for the year, the Bank of Greece said in its annual report on the Greek economy, presented on Friday. The...

Brussels Says Greece's Growth in 2020 Will be Well Above EU Average

The European Commission published its Winter 2020 Economic Forecast on Thursday, showing Brussels' projections regarding growth rates for nations in the European Union for both 2020 and 2021. The European Executive body noted in the report that ''The euro area...

Greece Appoints Internationally-Recognized Experts to Shape Nation's Growth Plan

The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy. The commission includes economists and executives who will combine their accumulated academic knowledge, international acumen, market knowledge and...

Greek Parliament Approves Ambitious 2020 State Budget

The 2020 state budget was passed in parliament by a majority roll-call vote on Wednesday night, at the end of a five-day debate. In the 300-seats chamber, 158 MPs favored the state budget and 139 MPs rejected it. Three lawmakers...

Greek Budget Foresees 2.8 Percent Growth in 2020

Greece's state budget for the financial year 2020 was presented to Parliament by Finance Minister Christos Staikouras on Thursday. A growth rate of 2.8% and a primary surplus of 3.6% in 2020 are foreseen in the new budget, slightly exceeding...

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...

EU Commission Predicts 2.3% Growth for Greece in 2020

The Greek economy is expected to grow by 1.8 percent this year and 2.3 percent in 2020, the European Commission said in its autumn forecasts released in Brussels on Thursday. The EU's executive body said it expected Greek GDP to...