Greece
Economy
Greece Expects Big Boost in Growth Through EU-Funded Recovery Plan
Greece approved a national recovery plan that it hopes will boost economic growth by as much as 7 percentage points over the next six years.
Economy
Committee Led by Nobel Prize Winner Outlines Path of Growth for Greece
The "Development Plan for the Greek Economy," drafted by a committee chaired by Nobel Prize laureate in economics Christopher Pissarides, was posted in its entirety in the public interest on Tuesday.
Some of the provisions of the plan include lower...
Economy
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...
Business
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...
Economy
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...
Economy
Brussels Says Greece's Growth in 2020 Will be Well Above EU Average
The European Commission published its Winter 2020 Economic Forecast on Thursday, showing Brussels' projections regarding growth rates for nations in the European Union for both 2020 and 2021.
The European Executive body noted in the report that ''The euro area...
Economy
Greece Appoints Internationally-Recognized Experts to Shape Nation's Growth Plan
The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy.
The commission includes economists and executives who will combine their accumulated academic knowledge, international acumen, market knowledge and...
Economy
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...
Economy
Standard And Poor's Upgrades Greece; Expects Growth Higher than Eurozone Average
Rating agency Standard and Poor's upgraded on Friday evening Greece's sovereign credit rating by one notch, from B+ to BB-.
The agency noted that the decision of the government in August to lift the remaining capital controls was implemented without...
Economy
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...
Economy
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...
Economy
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...
Business
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...
Business
Bank of Greece Revises Growth Downward for 2019
The Bank of Greece said in a report on Monday that the Greek economy is expected to grow by 1.9 percent this year, which marks a downward revision to its December estimate of 2.3 percent growth.
The new number is...
Economy
EU Positive on Greece's Growth But Encourages Reforms
The European Commission on Thursday revised their forecast for Greek economic growth slightly upward in 2019 and 2020, but warned that the nation's economic recovery depends on needed reforms.
According to its interim economic forecast, the Greek economy is set to...