recession

Global banker Citigroup published its monthly report on global prospects in which it notes that political uncertainty has returned to Greece. The report puts the possibility of a back on the table. The recession in Greece is expected to continue...

Greece’s exports recorded an 8 percent drop in the first half of 2016, with exporters attributing the slump to exhaustion after continuing recession and capital controls. The 8 percent decrease is the third largest among the 28 European Union member...

Greece remained in recession for the second quarter of 2016, showing a 0.7% drop in gross domestic product, according to the Hellenic Statistical Authority (ELSTAT). The Greek GDP declined 0.7% compared to the same period in 2015. A new assessment will...

Citigroup's forecast for Greece has put the danger of a Grexit back on the table. The Global Economic Outlook and Strategy report for globalists points to a deepening recession in store for Greece with political uncertainty and chances of...

International Monetary Fund Spokesman Gerry Rice commented on the gloomy news of Greek supermarket giant chain, Marinopoulos, seeking protection from its creditors under an article of Greece's bankruptcy code. Speaking at the IMF Bi-Weekly press briefing, Rice was asked...

Greece will not return to growth the second half of 2016 and the second bailout review will not be completed until year's end, due to Brexit repercussions, a Citi report says. According to Citi's Global Economic Outlook and Strategy report,...

Greece is to receive 860 million euros from the European Union as an extra subsidy given to member states suffering from recession. European Commissioner for Regional Policy Corina Cretu is expected to confirm the allocation of the funds today (Thursday),...

German Finance Minister Wolfgang Schaeuble appeared upbeat on Greece at a conference hosted by Deutsche Bank on Friday. He said that Greece had implemented the majority of required measures under the bailout package and was headed towards regaining global...

The conclusion of the review of Greece's program will end the great recessionary cycle of recent years and open up a new chapter for the country, Prime Minister Alexis Tsipras said on Monday, at the inauguration of the Posidonia...

More businesses were shut down than opened in Greece in the first five months of 2016, according to figures by the newly established General Electronic Commercial Registry (GEMI). Specifically, from January 1st, 2016 until May 31st, 12,538 new businesses were...