November 15, 2024
Economy
Greece’s growth rate will remain “robust” and above the Eurozone and EU average in 2025 and 2026, according to the European Commission’s Autumn 2024 Economic Forecast released on Friday. GDP growth in Greece is expected to reach 2.1% in 2024, 2.3% in 2025 and 2.2% in 2026, supported by the …
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May 2, 2024
Economy
The Greek economy remains resilient and is expected to grow at a rate of 2% in 2024 and 2.5% in 2025 as rising employment and real wages and strong tourism boost consumption, according to the OECD’s six-monthly report. Despite the slowdown in new job growth, the employment rate and labour …
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January 19, 2024
Greece, Politics
Prime Minister Kyriakos Mitsotakis, in an interview on Bloomberg TV on Friday, said that he was confident that 2024 will be a very good year for the Greek economy, which is growing faster than the average for the euro area and can thus attract more foreign investment. “If we look …
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November 15, 2023
Economy, FEATURED
Greece’s economic outlook has improved notably with real GDP expanding beyond its pre-pandemic trend level, the International Monetary Fund (IMF) said in its staff concluding statement of the 2023 Article IV consultation mission in Athens. Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, …
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October 10, 2023
Economy, FEATURED
The Greek economy is expected to grow by 2.5% this year and by 2% in 2024, significantly exceeding average growth rates of 0.7% and 1.2% in the Eurozone, the International Monetary Fund said in its World Economic Outlook report released on Tuesday. The IMF said it expected the country’s harmonised …
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April 11, 2023
Economy
The International Monetary Fund (IMF) on Tuesday revised upwards its forecast for the Greek economy this year to 2.6% from its autumn forecast of 1.8% in October 2022, and said the Greek economy was expected to grow by 1.5% in 2024 from 1.4%. The IMF, in its spring World Economic …
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January 10, 2023
Economy, FEATURED
The recovery of the Greek economy from the Covid-19 crisis was strong, supported by the continuation of reforms, the Organisation for Economic Cooperation and Development (OECD) said in an Economic Survey on Greece which was presented by OECD Secretary-General Mathias Cormann alongside Greek Primer Minister Kyriakos Mitsotakis on Tuesday. The …
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January 5, 2023
Economy
The effects of the global crisis will continue to affect Greece as well, Finance Minister Christos Staikouras said on Thursday speaking to the radio station “Parapolitika 90.1”. However, the state of the Greek economy will be better than in much of Europe as the figures indicating that Greece will not …
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December 7, 2022
Economy
The Greek economy grew by 2.8% in the third quarter of the year compared with the same period in 2021, but fell by 0.5% on a quarterly basis compared with the second quarter, the Greek Statistics Authority ELSTAT said on Wednesday. On a quarterly basis, the country’s Gross Domestic Product …
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November 29, 2022
Economy
“The year 2022 will be one of historic records for both foreign direct investment in Greece and for exports,” Finance Minister Christos Staikouras said on Tuesday. Staikouras was speaking t the “Naftemporiki” conference entitled “Greek Economy & Entrepreneurship: Challenges and Opportunities in an Unpredictable Future!” Referring to the performance of …
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November 21, 2022
Economy
Greece’s economy is projected to grow by 1.8% next year, according to the country’s 2023 budget, slightly lower than the figures predicted last month as higher energy costs and inflation take a toll. The final 2023 budget submitted to parliament on Monday is the first Greece has posted in 12 …
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September 7, 2022
Economy
The Gross Domestic Product (GDP) increased by 1.2% in the second quarter of 2022 in comparison with the first quarter of the year, while in comparison with the second quarter of 2021, it increased by 7.7%, according to the Hellenic Statistical Authority ELSTAT on Wednesday. Growth rates of major macroeconomic …
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July 15, 2022
Economy
Economic growth in Greece will exceed the EU average in 2022, but the inflation rate will remain high, the European Commission said in its summer 2022 Economic Forecast report released on Thursday. More specifically, the report said that Greece kept its momentum in the first quarter of 2022, with real …
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May 16, 2022
Economy
The European Commission has revised its forecasts for the Greek economy downwards, envisaging a GDP growth of 3.5% in 2022 and 3.1% in 2023, from 4.9% and 3.5% respectively in its winter forecasts made in last February. On Monday, the Commission released its spring 2022 report on economic growth in …
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April 7, 2022
Economy
The Bank of Greece cut its forecast for economic growth to 3.8% this year from 4.8% earlier, and raised its forecast for the inflation rate to 5.2% under the base scenario, in its annual report released on Thursday. The report, presented by Yannis Stournaras, the central banker, also said that …
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February 10, 2022
Economy
The Greek economy is expected to grow by 8.5% in 2021, 4.9% in 2022 and 3.5% in 2023, the European Commission said in its winter economic forecast report released on Thursday, revising upwards its earlier forecast of a growth rate of 7.1% in 2021 and slightly downwards its forecast for …
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September 21, 2021
Economy
Bank of Greece governor Yannis Stournaras appeared even more optimistic about the future of the Greek economy than the government in an interview with Politico on Tuesday. Stournaras estimated that GDP growth in 2021 will exceed 6 percent. In fact, he predicted that the country’s GDP at the end of …
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September 12, 2021
Greece, Politics
Greece’s economy will grow 5.9% during 2021, far more than the original 3.6% estimate, Prime Minister Kyriakos Mitsotakis said Saturday at the at the Thessaloniki International Fair, where heads of government traditionally announce the coming year’s economic policies and relief measures for the society. Mitsotakis justified the growth revision based …
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April 21, 2021
Economy
The Greek economy will grow by 3.5-4.0 percent this year, according to the base scenario of developments, the Foundation for Economic and Industrial Research (IOBE) said in report. The quarterly report, released on Tuesday, said that if the pandemic eased at a slower pace, hitting the tourist season, and if …
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February 16, 2021
Economy
Investment spending in the manufacturing sector fell 6.9% in 2020 compared with the previous year, the Foundation for Economic and Industrial Research (IOBE) said in a report on Monday. The survey on industrial investments in the period October-November 2020 showed that investment spending in the manufacturing sector is expected to …
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