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Greece Growth Rate to Drop Dramatically in 2023

Greece unveiled its 2023 budget in Parliament which foresees a significant drop in growth rate that will reach 1.8 percent from the estimated 5.6 percent of the current year. The budget is the first Greece has posted in twelve years...

IMF: Greece to Return to Primary Surpluses in 2023

Greece will return to primary surpluses from 2023 and remain on a course of reducing its public debt, the IMF said in its Fiscal Monitor report released on Wednesday. The Fund sees the general government's primary surplus at 0.9% of...

Greece Projects Slower Growth for 2023

The economy of Greece will grow at a slower pace in 2023 after a strong rebound this year largely fueled by the tourism sector. The country's economic output is seen increasing by 2.1% next year from 5.3% this year,...

Rockefeller International: Greece’s Economy Among ‘Seven Wonders’ of the World

Greece's economy is among the seven wonders of the world, Ruchir Sharma, Chair of Rockefeller International writes in the Financial Times. He says that Greece defies the prevailing pessimism on the economic prospects throughout the world. The other six nations...

Greece’s GDP Expands by 7.7% in the Second Quarter

Greece's gross domestic product (GDP) expanded by 7.7 percent in the second quarter compared with the same period in 2021, data showed on Wednesday. According to the Hellenic Statistical Authority, GDP increased by 1.2 percent in the second quarter of...

Greece’s Growth Higher than Forecast; Budget Deficit Lower

UBS, the Swiss-based investment bank has considerably raised its growth forecast for Greece’s gross domestic product (GDP) for 2022 while the finance ministry in Athens announced a much lower primary deficit than expected. UBS raised its estimate to 5.7 percent...

EU Commission Revises Forecast for the Greek Economy Downwards

The European Commission revised its forecasts for the Greek economy downwards on Monday, envisaging a GDP growth of 3.5 percent in 2022 and 3.1 percent in 2023 (from 4.9 percent and 3.5 percent respectively in its winter forecasts made...

Greek Economy Upgraded by S&P Global Ratings

The Greek economy got a vote of confidence by S&P Global Ratings on Friday which upgraded its debt rating to BB+. “The upgrade reflects our expectation of a continuous improvement in Greece’s policy effectiveness, while the fallout from the war...

Central Bank of Greece Slashes Growth Projection to 3.8% This Year

The central bank of Greece cut its projection for growth in 2022 to 3.8% from a previous projection of 4.8% it announced on Thursday. The head of the central bank, Yannis Stournaras, told the bank's annual meeting of shareholders that...

Greek Economy to Grow by 4.9 Percent in 2022, EU Says

The Greek economy is expected to grow by 8.5 percent in 2021, 4.9 percent in 2022 and 3.5 percent in 2023, the European Commission said in its Winter economic forecast report released on Thursday. It, therefore, revised upward its earlier...