Greek economy: Tax evasion among first blue files
Yiannis Stournaras is extremely persistent
Yiannis Stournaras is extremely persistent
The Greek state budget recorded a deficit of 1.116 billion euros in the January-May period this year
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.
A decrease of 0.1% compared to the fourth quarter of 2022
Wide divergence between Greece’s strong economic performance and the gradual rise of political instability said the latest report.
In a significant upgrade in bilateral relations and of deepening cooperation in areas of mutual interest, a Common Statement of Strategic Cooperation between Greece and Japan was signed on Monday by visiting Prime Minister Kyriakos Mitsotakis and his Japanese counterpart Fumio Kishida at the latter’s residence in Tokyo.
Fitch Ratings upgraded Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “BB+” on Friday. The previous rating was “BB”. The Outlook is now Stable.
The improving outlook for the Greek economy has attracted the interest of new players
The upgrade sends the message that the Greek economy is unfailingly moving in the right direction, he says.
Addressing an event organized by the European Investment Bank in Athens, the Greek central banker analyzed the reasons.