Calamos Supports Greece

GDP

New Report Claims Greece Can Expect 2.1% Growth in 2018

  As reports from Germany on Thursday appeared to link proposed Greek debt relief with growth rates, a think tank in Athens claimed the economy would again improve in 2018. Data from the Foundation of Economic and Industrial Research (IOBE) predicted 2.1 percent...

Greek GDP Rises for Fourth Consecutive Quarter

New data has revealed that Greece's economy grew again last October-December, a fourth consecutive period of quarter-on-quarter growth. ELSTAT, Greece's official statistics agency, said on Monday that GDP went up 0.1 percent in Q4 2017, but the speed of growth...

Greece's Epirus, Thrace Rank Among EU's Poorest Regions

Greeks are at the lowest levels in the EU in regards to gross domestic product (GDP) per capita and purchasing power standard (PPS), according to Eurostat. The 2016 figures from the European statistical authority also show that Epirus and Thrace...

IMF Reiterates: Lowering Greece's Primary Surplus Target After 2022 is Imperative

The target of achieving a primary surplus of 2 percent of GDP after 2022 offered to Greece by its European lenders at the last Eurogroup meeting must be lowered, the International Monetary Fund's (IMF) spokesman Gerry rice said on...

OECD: Greek Economy to Grow 1.1 Percent in 2017, 2.5 Percent in 2018

Greek economy is expected to grow by 1.1 pct this year and by 2.5 pct in 2018, the OECD said in its Global Economic Outlook report released on Wednesday. Referring to Greece, the Paris-based organization said the country's primary fiscal...

PM's Office to Partners: We Expect to Implement their Commitments

In an announcement commenting on the Greek GDP growth figures announced by the independent statistics agency ELSTAT on Friday, the prime minister's press office said that these had once again debunked the 'total disaster' scenarios painted by main opposition...

Greek GDP Revised Upwards to +0.4% in Q1

Greece on Friday revised upwards its GDP figures for the first quarter, to an increase of 0.4 pct after a 0.5 pct decline initially recorded. Hellenic Statistical Authority, in a report, said that based on provisional data, the country's GDP...

Deciding on Greece’s Fate Behind Closed Doors Cannot Continue, Says Moscovici

Deciding on Greece behind closed doors and without accountability cannot continue forever, Economic Affairs Commissioner Pierre Moscovici said on Thursday, speaking at the Brussels Economic Forum and called for more democracy and transparency in the decision-making process of the...

Underground Economy in Greece Is About One Quarter of GDP

The size of Greece's underground economy -- where transactions take place out of the radar of tax authorities -- is estimated to be about one quarter of the country's official GDP, according to University of Macedonia Professor Vassilis Vlachos. The...

Eurozone Growth at 1.7% in First Quarter; Greece Is the Only Country in Recession

The eurozone economy grew at a rate of 1.7% in the first quarter, while Greece is the only country that experienced a recession. According to Eurostat's first estimate, GDP growth in the Eurozone for the first quarter of the year...