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Greek Economy Grew by 2.7% in Second Quarter

The Greek economy recorded a growth rate of 2.7 percent in the second quarter of 2023 compared to the same period in 2022, according to data compiled by the Hellenic Statistical Authority (ELSTAT). ELSTAT data indicate that, on an annual...

Bank of Greece Sees 2.2% Growth in 2023, 3% in 2024

The Bank of Greece (BoG) sees an acceleration of recovery in Greece after 2023 with growth projected at 2.2% in 2023, 3% in 2024, and 2.7% in 2025. According to its projections, included in its annual Monetary Policy Report 2022-2023...

Moody’s, Goldman Sachs Upgrade Prospects for Greek Economy

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 on the Verge of an ‘Economic Megacycle’, Barclays Says

Greece is on the verge of a third economic megacycle irrespective of who wins the elections, Barclays Bank analysts forecast. The British multinational published a big report on Greece earlier in the week lauding the economic performance of Greece, which...

Greek Economy to Grow 2.2% in 2023, Central Bank Forecasts

The Bank of Greece has raised its economic growth forecast for Greece this year, according to the central bank’s governor, Yannis Stournaras. Presenting the bank’s annual report on Friday, Stournaras said that the Greek economy is expected to grow by...

IMF Predicts Inflation to Peak Amid Low Growth

The International Monetary Fund (IMF) released the latest World Economic Outlook report this week. The report tracks important global economic trends. The forecast for growth remains low but has improved since the most recent projections. At the same time, the...

OECD Lauds Greece on Recovery; Warns of Growth Slowdown

The recovery of the economy in Greece from the COVID-19 crisis was strong, supported by the continuation of reforms, the Organisation for Economic Co-operation and Development (OECD) said in an Economic Survey on Greece released on Tuesday. It warned, however,...

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,...