Morgan Stanley estimates that Greece’s economic growth will slow from 1.3pct in the second quarter to 0.4pct in the third quarter, negatively impacted by the natural disasters sustained by the country, but that it will still post overall growth of 2.3pct for 2023.
Stanley also sees Greece maintaining growth rates of 2.4pct for 2024-2025, with the budget deficit falling from 2.2pct thi year to 1.2pct by 2024. Thus, debt will steadily fall from 160.5pct of GDP to 153pct and then 147.9pct, according to reports at OT.gr.
The investment bank previously projected that Greek economic growth will outperform the rest of the Eurozone and remain at about pct the next two years, boosted by recovery funds, consumption and investments.
The Hellenic Statistical Authority (ELSTAT) will announce official numbers on Wednesday.
Source: tovima.com
Latest News
Tourism: The Ideal Days to Book Cheap Airline Tickets
During these days, prices can dip as much as 17% compared to weekend rates, particularly for domestic flights
Postal Voting Deadline for European Parliament Elections
Voting deadline: For mail votes to count, they must reach their destination by Saturday, June 8, at 17.00 local time
Start-ups: Three Innovative Tourism-Travel Ideas at Greek Event
QR code for hotel tipping; organizing activities (sight-seeing etc) during a layover and a digital solution for pleasure craft chartering get start-ups kudos
Blue Flag Global List: Greece Remains in Second Place on
The well-known northern Greece holiday 'magnet' of Halkidiki has the most Blue Flags in Greece among prefectures, with 104. Crete, as a whole however, has 146 Blue Flags
Piraeus Bank Board Proposal 79 mln€ in Dividend for FY23
Proposal equals 0.063 euros per share and is up for approval by a Piraeus Bank general shareholders' assembly to convene in late June
ELSTAT: Greek Merchant Fleet Sees 0.4% Decline in Numbers in March 2024
The capacity fell by 3.5% in March 2024 compared to the same month in 2023.
Athens Hotel Occupancy Rises in Early 2024, But Still Falls Short of Expectations
April emerged as a notably positive month for Athens, significantly impacting the overall results for the four-month period.
Greece’s Assets Body Launches Tender for Business Park in Fyli
Once completed, the Fyli business park will serve as a national transport hub, creating jobs and revenues for Western Attica.
ELSTAT: 3.4% Rise in Retail Trade Turnover in Q1 – 2.9% Drop in March
Regionally, Thessaly experienced the highest increase in turnover in the first quarter of 2024 compared to the same period in 2023, with a 5.3% rise.
Fruit and Vegetable Exports Increase by 5.8% in Value in Q1, 2024
Conversely, the import of fruits and vegetables surged in the first quarter of 2024, increasing by 17.1% in volume and 20.9% in value compared to the same period in 2023.