GREEK ECONOMY

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  • Greek economy boosted with public investments of 11.2 bln euros in 2023

    Greek economy boosted with public investments of 11.2 bln euros in 2023

    The initital budget of the Public Investment Programme for 2023 was raised by 800 million euros with supplementary budgets to deal with increased needs for the restoration of damages from natural disasters.

    Greek economy boosted with public investments of 11.2 bln euros in 2023
  • Greek Economy Best in World in Economist’s 2023 Performance Rankings

    Greek Economy Best in World in Economist’s 2023 Performance Rankings

    Based on The Economist's analysis, grounded in five economic and financial indicators (inflation, "inflation breadth," GDP, employment, and stock market performance), Greece maintains its lead in economic performance among 35 primarily affluent nations for the current year

    Greek Economy Best in World in Economist’s 2023 Performance Rankings
  • Greece’s economy grew by 2.1% in Q3

    Greece's economy grew by 2.1% in Q3

    Greece's GDP grew 1.9% in the first quarter and 2.6% in the second quarter of the year compared with the same periods in 2022, and by 0.1% and 1.1% on a quarterly basis, the independent statistics service ELSTAT said on Wednesday.

    Greece’s economy grew by 2.1% in Q3
  • Greek economy to grow by 2.4% this year, 2.0% in 2025, OECD survey

    Greek economy to grow by 2.4% this year, 2.0% in 2025, OECD survey

    The Greek economy is projected to grow by 2.4% this year and 2% in 2024 rising again to 2.4% in 2025, the OECD said in its economic survey report released on Wednesday.

    Greek economy to grow by 2.4% this year, 2.0% in 2025, OECD survey
  • Economic good news from European Commission dominates PM’s review of the past week

    Economic good news from European Commission dominates PM's review of the past week

    The prime minister said the EU Commission's autumn forecast placed Greece 3rd among the 27 EU member-states in terms of growth, which will remain above the Eurozone average until 2025, accompanied by a reduction in the deficit and debt, higher employment and a gradual decline in inflation.

    Economic good news from European Commission dominates PM’s review of the past week
  • ECB’s head Christine Lagarde praises Greek economy’s return to pre-Covid levels

    ECB's head Christine Lagarde praises Greek economy's return to pre-Covid levels

    Referring to the Greek economy and Greek state bonds in particular, the ECB's president noted that these were now eligible to participate in ECB's repurchase programmes - which have been frozen - with the exception of the PEP programme in which Greek bonds participated already. The board meeting did not discuss the future of the programme, she noted.

    ECB’s head Christine Lagarde praises Greek economy’s return to pre-Covid levels
  • S&P restores Greece to investment level

    S&P restores Greece to investment level

    Standard & Poor’s upgraded Greece’s credit rating to “BBB-” on Friday, taking the country out of “junk status” and into investment grade for the first time after 13 years, on the country’s improved budgetary position, as it noted.

    S&P restores Greece to investment level
  • Greek economy to grow by 2.2% this year, 3.0% in 2024, BoG governor says

    Greek economy to grow by 2.2% this year, 3.0% in 2024, BoG governor says

    Stournaras said he expected the inflation rate to fell to 3.8% in 2024 (from 4.3% in 2023 and 9.3% in 2022), reflecting strong inflationary pressures on food prices, non-energy industrial goods and services.

    Greek economy to grow by 2.2% this year, 3.0% in 2024, BoG governor says
  • The 3 priorities for the economy in the autumn

    The 3 priorities for the economy in the autumn

    The Finance Ministry has set three main priorities for the autumn, with the recovery of the investment grade rating by the end of the year being the most important one.

    The 3 priorities for the economy in the autumn
  • “Greece will get investment grade after elections,” says BoG Stournaras

    “Greece will get investment grade after elections,” says BoG Stournaras

    Speaking at a conference organized in Athens by The Economist and the British Hellenic Chamber of Commerce on “The Global Economy and Financial Services Gala Dinner: Manoeuvring through the current turmoil,” Stournaras expressed optimism on the deescalation of public debt and on the economy’s growth trajectory. If the Greek economy is threatened by something, that is overheating rather than recession, he told a panel. He added that this year the GDP would increase by about 2.3%, surpassing by a great margin growth rates of the Eurozone in its total.

    “Greece will get investment grade after elections,” says BoG Stournaras