growth

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 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...

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...

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,...

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 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...

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...

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...

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...

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...