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growth

Capital Link Investment Conference Focuses on Greek Recovery

A Capital Link conference on Thursday will highlight the importance of investments for Greece's economic recovery and social prosperity, while two successful CEOs will be awarded by Athens' mayor. The aim of the eighth annual conference, that will be held at...

Everyone Has to 'Assume Their Responsibilities', says EU's Moscovici

The EU's downward revision of growth rate forecasts for Greece in 2018 and 2019 are due to the economy's weak growth in the fourth quarter of 2017, European Commissioner Pierre Moscovici said on Thursday. Asked about the Commission's spring forecasts for...

EU Revises Down Greek Growth Forecasts

Greece has seen a fall in its growth forecast for 2018 from 2.5 percent to 1.9. The new data came in a European Commission spring assessment on Thursday which revises down February's more-optimistic forecast of 2.5 for the year ahead. In...

IMF Estimates Lower Growth Rate for Greece

The IMF new assessment for growth in Greece is at 2 percent of gross domestic product, lower than the 2.6 percent forecast six months ago, according to the Fund's latest report. According to the Athens-Macedonian News Agency, the International Monetary...

Greek Consumer Inflation Accelerates in November

Greece's consumer price inflation accelerated in November after easing in the previous month, figures from the Hellenic Statistical Authority (ELSTAT) showed Friday. Consumer prices climbed 1.1% year-over-year in November, faster than the 0.7% increase in October. The measure has been...

Greece Growth Rate Slows In Third Quarter of 2017

Greece's economy grew at a slower pace in the third quarter, data from the Hellenic Statistical Authority showed on Monday. Gross domestic product expanded 0.3 percent sequentially, slower than the revised 0.8 percent growth seen in the second quarter. Nonetheless, this...

Greece Foresees 3.82 Percent Primary Surplus, 2.5 Percent Growth for 2018

The Greek 2018 state budget tabled on Tuesday night in Parliament foresees that the country will return to capital markets next year to strengthen liquidity in the secondary bond market. The budget plan envisages, among others, a new series of...

IMF: Greek Economy to Grow by 1.8 pct in 2017

The Greek economy is expected to grow by 1.8 pct this year, 2.6 pct in 2018 and 1.9 pct in 2019, the International Monetary Fund (IMF) said on Monday. In its report on European economy, the IMF said it expected...

German Experts: Growth in Eurozone and Greece Under Conditions

According to the annual report of the German Council of Economic Experts; there will be growth in the eurozone and in Greece, but only under conditions. The 460-page report was presented to the German government and predicts a 2.0% growth in...

Despite Government Boasting Over Growth, Greeks Get Poorer, Businesses Keep Shutting Down

Greek Prime Minister Alexis Tsipras is packing his bags to leave for the United States for an official meeting with President Donald Trump. With him he will have an entourage of associates and businessmen in order to lure investors to...