Calamos Supports Greece

Forecast

Greece Sizzles as Heatwave ‘Kleon’ Hits

Greece's state mechanism has been placed on high alert to deal with a heatwave dubbed Kleon which is expected to push temperatures up to 43C (109F) in some parts of the country starting Thursday. According to the meteorologists, the most...

IMF: Greece to Return to Primary Surpluses in 2023

Greece will return to primary surpluses from 2023 and remain on a course of reducing its public debt, the IMF said in its Fiscal Monitor report released on Wednesday. The Fund sees the general government's primary surplus at 0.9% of...

Greek Economy to Grow by 4.9 Percent in 2022, EU Says

The Greek economy is expected to grow by 8.5 percent in 2021, 4.9 percent in 2022 and 3.5 percent in 2023, the European Commission said in its Winter economic forecast report released on Thursday. It, therefore, revised upward its earlier...

Bank of Greece Forecasts 4.2% Growth for 2021

The Bank of Greece reiterated a 4.2% growth forecast for 2021, but warned that the Greek economy is facing a large number of bankruptcies

Greek Economy to Grow by 3.5% in 2021, EU Forecasts

The Greek economy will grow by 3.5 pct this year and 5.0 pct in 2022, the European Commission said in its winter economic forecasts released on Thursday. In the report, the EU's executive said economic recovery will continue, supported mostly...

New Forecast Warns Greece Could See a Drop of 52% in International Arrivals in 2020

The International Air Transport Association (IATA) published on Thursday its revised forecast for the impact of the COVID-19 coronavirus in various destinations around the world. The IATA said that airline companies are expected to lose a staggering $89 billion in...

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...

Freezing Temperatures Ahead as Siberian Cold Expected to Sweep Across Europe

The currently unseasonably warm and sunny weather prevailing across Greece is expected to be followed by extremely cold temperatures which will make thermometers nosedive down to 18°C in the space of a few hours, beginning on Tuesday night. According to 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...