greek economy

Regarding the tariffs, he stressed the importance of a unified response within the EU to enhance effectiveness.

Greece must speed up its reform efforts to remain a competitive and attractive destination for investment, despite the turbulence in international trade.

Following Greece, Italy ranks second with an informal economy comprising 31% of its GDP, while Spain and Portugal both register at 24%. Lithuania, Latvia, and Bulgaria each report a shadow economy size of 20%.

Fitch’s review on May 16 will be another pivotal moment.

The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.

The direct impact is expected to be small, but the potential indirect impact is more uncertain.

Greece’s economic model is now more export- and investment-oriented, relying less on consumption and displaying fewer imbalances compared to the past.

The public debt-to-GDP ratio is forecast to fall below 150% by 2025, aided by the primary budget surpluses reinforcing the Greek economy even more.

The report suggests Greece’s economic expansion will be fueled primarily by investments, supported by projects financed through the EU Recovery Fund.

The Greek economy is projected to expand at 2.8% in 2025, according to UBS. The Swiss-based international investment bank bases its assessment partly on the utilization of RRF funds. UBS underlines that corporate credit (16% annually) confirms its growth outlook regarding Greece. The bank notes that annual inflation amounted to 2.6% in December 2024, adding, […]

The trade deficit amounted to 4.6 billion euros, up by 340 million euros from the same period last year.

Well-known US hedge fund manager John Paulson speaks to the Sunday edition of “To Vima” and details his optimism over the course of the Greek economy

In two in-depth pieces on the Greek economy and the successful early repayment of its debt, the German-based weekly newspaper Ziet and RND (RedaktionsNetzwerk Deutschland) highlight why and how the small Mediterranean country achieved this impressive feat. Entitled “The Economic Situation of Greece: What No One Expected,” the long piece in the weekly newspaper Zeit, […]

Greece continues to outpace the EU average in terms of growth rates, despite signs of a slump. The outlook for 2024 and 2025, however, indicates a diminishing expansion in the face of rising national debt.

The baseline scenario assumes that primary budget surpluses will be maintained in the coming years, supporting Greece’s credit rating trajectory.

“These are sectors where Europe as a whole struggles, but Greece is performing better,” he said.

The numerous laissez-faire liberals in the government must be feeling somewhat uncomfortable with the government's continual interference in various markets

Therefore, there is need for policy interventions in order to boost demand, stabilize the labor market and support industrial production.

By 2026, the reduction in public debt is expected to bring it close to 140% of GDP.

The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.