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Greece

Real Estate Economy in Greece Grows in Multiple Sectors

The recently released Cushman Wakefield Proprius Marketplace Real Estate report demonstrated a significant growth in the Real Estate economy of Greece. The economy grew in all three different sectors, namely industrial, retail, and office. The Growth of the Economy of...

Greek Economy Set for Continued High Growth in 2024

After a robust recovery from the Covid-19 pandemic and increasing favor with several credit rating agencies, the Greek economy is expected to see a continued trend in positive growth in the new year. The Greek Economy in 2024 In its World...

IMF Says Greek Economy Will Grow by 6.5% This Year

The International Monetary Fund (IMF) announced on Tuesday that the Greek economy is looking at a growth rate of 6.5% by the end of 2021. The IMF detailed the country's growth for 2021 in their global economic outlook report, where...

IMF: Economy of Greece to Bounce Back Significantly in 2022

The economy of Greece is projected to grow by 5.4 per cent in 2022, the International Monetary Fund (IMF) said.

IMF: Greek Economy to Grow 3.3% in 2021; By 5.4% in 2022

A new report from the International Monetary Fund (IMF) released on Wednesday estimated that the Greek economy will grow by 3.3% this year.

Greek Economy “Shows Resilience”; Contraction in 2020 Less than Expected

The Greek economy is in a better shape than it was feared according to official data released by the Hellenic Statistical Authority on Friday.

OECD Says Greek Economy to Begin Recovery in 2021 in New Report

In an overall positive report regarding the prospects for the Greek economy, the Organization for Economic Cooperation and Development (OECD) reported on Tuesday that although the economy will contract by 10 percent in 2020 due to the ramifications of the...

EU Says Greek Economy to Contract Nine Percent in 2020, Rebound in 2021

A new European Commission report released on Thursday stated that it expects the Greek economy to contract by 9.0 percent this year, but rebound, growing by 5.0 percent in 2021,  due to the economic upheaval caused by the coronavirus...

Greek Economy Contracts a Record 15.2% in Second Quarter of 2020

The Greek Statistical Authority (ELSTAT) announced on Thursday that the Greek economy  contracted by 15.2% in the second quarter of 2020, a record which even surpasses the recession during the peak of the economic crisis in the years 2011-12. ELSTAT...

IMF: Coronavirus Lands Record Blow to Greek Tourism, Economy

The dramatic reduction in tourist revenues in Greece caused by the coronavirus pandemic will have a deeply negative impact on current account balances, amounting to a loss of up to six percent of the nation's GDP, the International Monetary...

Greek Economy to Receive Enormous Boost From EU Recovery Plan

  The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled the "Next Generation EU" plan, agreed upon earlier this month, according to Bank of Greece...

Greek Economy to Contract by 9 Percent in 2020, EU Report Says

The Greek economy is projected to contract by 9.0 percent this year; however, growth projections for 2021 foresee growth of 6.0 percent, the European Commission said in its Summer Economic Forecast report released on Tuesday. The EU executive body said...

Capital Link Forum On Re-Starting Greek Economy Post-Covid-19

Prominent policymakers, entrepreneurs and academics from both sides of the Atlantic will participate in the 10th Annual Capital Link CSR Forum, titled "Economy and Society: The Next Day," which is due to take place virtually on June 23. The Forum,...

Greek PM Outlines 24 Billion Euro Plan to Kick-Start Tourism, Economy

Greek Prime Minister Kyriakos Mitsotakis outlined a plan on Wednesday to kick-start the Greek economy with a 24 billion euro program ($26.3 billion) to help businesses and employees recover after the coronavirus lockdown. In a televised address, Mitsotakis spelled out...

Greek Economy to Contract by Almost 10 Percent, EU Says

The Greek economy is set to contract by 9.7 percent in 2020 because of the Covid-19 pandemic, the European Commission forecast on Wednesday. Greece, along with Italy, Spain and Portugal will be among the hardest hit nations by the economic...