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Greece

OECD Forecasts 2.1 Percent GDP Growth for Greece in 2019

Greece's economic recovery is expected to maintain its momentum, with the country's Gross Domestic Product (GDP) rising by 2.0 percent or slightly more in 2019 and 2020 after an 1.9 percent growth rate in 2018. These latest figures come...

Greece Recorded Third Highest GDP Growth in EU in Third Quarter of 2014

The Eurozone economy showed marginal growth in the third quarter of 2014, with GDP showing an increase of 0.2% in the third quarter, compared to the previous, according to revised figures released today by the European Statistical office, Eurostat. In...

Greek GDP Growth Revised Upwards to 1.9 pct in Q3‏

The Greek economy grew by 1.9 pct in the third quarter of 2014, up from an initial estimate for a 1.7 pct growth rate, a crucial step towards achieving a 0.6 pct growth rate in 2014 and paving the...

ECB: Greece Forecasted to Achieve Growth Rate of 0.1% of GDP in 2016

The European Central Bank (ECB) forecasts that Greece will achieve a growth rate of 0.1 percent of GDP in 2016, in the Eurosystem staff macroeconomic projections for the euro area countries posted on its website on Thursday. Growth rates in...

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...

Elon Musk’s Net Worth is More than Greece’s GDP

Elon Musk's personal net worth is currently larger than Greece's gross domestic product (GDP). The businessman and engineer who is currently the CEO of Tesla and SpaceX is currently worth $219.9 billion, while the nation of Greece's GDP is...

Greece Forecasts 10.5% Recession this Year, 4.8% Growth in 2021

The Greek economy is expected to contract by 10.5 percent this year and to grow by 4.8 percent in 2021, according to provisions included in the new state budget, which was brought before Parliament by Finance Minister Christos Staikouras...

Greece's Growth Rate to Reach 7.5% in 2021 According to New Projections

Finance Minister Christos Staikouras and Alternate Minister Theodoros Skylakakis on Monday brought a draft for the 2021 state budget before Parliament. The plan envisages a robust economic growth rate of 7.5 percent for the next year, and features a series...

Bank of Greece Forecasts Zero Growth for 2020

The Greek economy will fall to zero growth this year while it will show a significant divergence from fiscal targets for the year, the Bank of Greece said in its annual report on the Greek economy, presented on Friday. The...

New IMF Forecasts Adopt Pessimistic Scenario for Growth After 2021

The International Monetary Fund (IMF) published its most recent ''World Economic Outlook'' on Friday. The new forecast of the Fund sends mixed signals about Greece's prospects, revising upward some short-term indexes while smashing the government's hopes for sustainable and strong...

EU Commission Predicts 2.3% Growth for Greece in 2020

The Greek economy is expected to grow by 1.8 percent this year and 2.3 percent in 2020, the European Commission said in its autumn forecasts released in Brussels on Thursday. The EU's executive body said it expected Greek GDP to...

Bank of Greece Chief Foresees Growth Over Three Percent After 2020

Bank of Greece governor Yannis Stournaras said on Thursday in a speech in the United States that growth rates could rise higher than three percent after 2020, given the right conditions. Speaking at an event sponsored by the Stavros Niarchos...

Bank of Greece Forecasts 1.9% Growth for 2019 and Lower Primary Surplus

The Bank of Greece published its interim report on Monetary Policy on Monday, where it highlights some interesting projections for the future of Greece’s economy. The central bank estimates that the country's gross domestic product (GDP) will grow by 1.9...

Investment in Greece Remains Low Despite Favorable Growth Rate

The ratio between Greece's GDP and the amount of investment in the country is the lowest in the European Union, according to the latest figures recently released by ELSTAT. The Greek Statistics Authority has determined that the value of investments...