Search Results: Greek economy

Yannis Stournaras addressed the 'Risk Management & Compliance Conference' as a keynote speaker on Monday

Labor market conditions also continued to improve in the first half of this year, as the unemployment rate fell to 9.6% in June, the lowest in 15 years.

For 2024, the growth rate of the Greek economy is now expected to reach 2.14%, up from the previous estimate of 2.09%.

Central Greece, Western Greece, and the Peloponnese are particularly susceptible to forest fires, while Eastern Macedonia and Thrace are vulnerable due to disparities in per capita GDP. Attica stands out for its extreme vulnerability due to high population density.

Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts

Goldman Sachs sees an upgrade of the Greek stock market

However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.

However, the report points to a persistent challenge in the form of commercial credit risk, which remains high at 8 out of 10, ranking Greece 104th internationally

Nevertheless, the article also highlights some of the challenges facing the country, with a falling birthrate and labor shortages posing a threat to the long-term outlook, whereas natural disasters partially attributed to climate change, such as major wildfires and unprecedented flooding, are straining state finances

In the light of Iran’s attack on Israel earlier on Sunday, President of Piraeus Chamber of Commerce and Industry (EBEP) Vassilis Korkidis warned that the week ahead will find the global economic community in a similar “state of war,” as the incident will set off chain reactions in foreign stock exchanges and markets, as well as […]

General inflation is expected to further decline in 2024 to 2.8%

The French bank recommends a long position in Greek bonds against Belgian ones

BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively

At the same time, concern was also sparked by last year's sharp decline in Foreign Direct Investment, with preliminary data from ELSTAT showing a decrease of 40% compared to 2022.

However, concerns arise as milestones now involve not only reforms and legislation but also project assignments, highlighting the government's lack of readiness in many cases

The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%). Regarding inflation, the estimate suggests a decrease from 4.2% in 2023 to 2.8% in the current year

The Greek Finance Minister shared a post on his TikTok account

The assessment is part of JP Morgan’s analysis released today regarding potential rating changes in 2024 across the Eurozone

The EU Commission’s “Post-Programme Surveillance Report” on the Greek economy, released on Thursday in Brussels, underlines that the country retains the capacity to service its debt. The Autumn 2023 Report, compiled under the direction of the Directorate-General for Economic and Financial Affairs, adds that “…Despite several challenges, the Greek economic, fiscal, and financial situation continues […]

Based on The Economist's analysis, grounded in five economic and financial indicators (inflation, "inflation breadth," GDP, employment, and stock market performance), Greece maintains its lead in economic performance among 35 primarily affluent nations for the current year