Greek economy

Greek Economy to Grow 2.2% in 2025: KEPE
English Edition

Greek Economy to Grow 2.2% in 2025: KEPE

This estimate is based on data available up to the first quarter of 2025 and therefore reflects the economic momentum before the recent escalation of the geopolitical crisis

Greece 2nd Poorest in EU, Greek Workers’ (GSEE) Report Says
English Edition

Greece 2nd Poorest in EU, Greek Workers’ (GSEE) Report Says

More than 15 years after the onset of the economic crisis, wages remain stagnant at levels that fail to guarantee a basic standard of decent living, according to the report's findings

Productivity: A Stubborn Obstacle for Greece’s Economic Growth
English Edition

Productivity: A Stubborn Obstacle for Greece’s Economic Growth

To boost productivity, Greece must pursue both internal modernization and broader structural changes, argue prominent economists.

Greece to Raise Minimum Wage to €880 in April
English Edition

Greece to Raise Minimum Wage to €880 in April

The new gross monthly minimum wage is expected to rise by 5% to 6%, reaching approximately €880, in a country where almost half of employees make less than €1,000 per month.

Greek GDP Up by 2.3% in 2024: ELSTAT
English Edition

Greek GDP Up by 2.3% in 2024: ELSTAT

Based on non-seasonally adjusted data, GDP in volume terms recorded a 2.7% increase in the fourth quarter of 2024

Study: Greek Economy Outpaces Eurozone Average
English Edition

Study: Greek Economy Outpaces Eurozone Average

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

Study: Greece’s Economic Growth Threatened by Labor Shortages
English Edition

Study: Greece’s Economic Growth Threatened by Labor Shortages

In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.

UBS: Greek Gowth at 2.8% in 2025
English Edition

UBS: Greek Gowth at 2.8% in 2025

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.

Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
English Edition

Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed

Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis

Scope Ratings Upgrades Greek Economy to BBB
English Edition

Scope Ratings Upgrades Greek Economy to BBB

The Greek Minister of National Economy and Finance, Kostis Hatzidakis, expressed his satisfaction with Scope's upgrade of the Greek economy.

Greek Government Targets Record Investment Program and Tax Relief for Middle Class
English Edition

Greek Government Targets Record Investment Program and Tax Relief for Middle Class

The digitalization of transactions and measures introduced by the Ministry of Finance, such as the imputed taxation of professionals, generated an additional 1.8 billion euros.

Greek Economy Shows Resilience, Consumer Confidence Remains a Challenge
English Edition

Greek Economy Shows Resilience, Consumer Confidence Remains a Challenge

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

European Commission’s Outlook for Greece Economy Forecasts 2.1% Growth and 3% Inflation in 2024
English Edition

European Commission’s Outlook for Greece Economy Forecasts 2.1% Growth and 3% Inflation in 2024

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

Greek State Budget Primary Surplus at €13.489bln Jan.-Oct. 2024
English Edition

Greek State Budget Primary Surplus at €13.489bln Jan.-Oct. 2024

A significant part of this surplus is attributed to the receipt of €3.2 billion in October from the new concession agreement for the Attiki Odos

Greece Needs Reforms for Ratings Upgrade
English Edition

Greece Needs Reforms for Ratings Upgrade

Fitch is expected to release its evaluation of the Greek economy on Nov. 22, with a possible scenario being an upgrade of the economy from “stable” to “positive”

Greek Economy Bounces Back Impressively, German Handelsblatt Reports
English Edition

Greek Economy Bounces Back Impressively, German Handelsblatt Reports

Once at risk of default, Greece has made notable progress in debt reduction over the past few years

Greek Economy Faces Pressing Challenges Amid Global Uncertainty
English Edition

Greek Economy Faces Pressing Challenges Amid Global Uncertainty

Major issues that are expected to intensify if not addressed, include the high current account deficit, the substantial investment gap, low productivity, and the question of long-term growth

ELSTAT Revised Greek GDP Growth Upward for 2023
English Edition

ELSTAT Revised Greek GDP Growth Upward for 2023

GDP at constant prices reached €196.984 billion in 2023, up from €192.495 billion in 2022, ELSTAT said

Greek Draft Budget Tabled on Oct. 7, Amid Concerns Over Mid. East War
English Edition

Greek Draft Budget Tabled on Oct. 7, Amid Concerns Over Mid. East War

A major issue of concern is how the Israel-Iran conflict will play out with pundits projecting a surge in oil prices

Greek Economy Expands 2.3%, Boosting Growth Outlook Through 2028
English Edition

Greek Economy Expands 2.3%, Boosting Growth Outlook Through 2028

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

Greece’s Economy Awaits Moody’s Upgrade Rating
English Edition

Greece’s Economy Awaits Moody’s Upgrade Rating

At present, Moody’s rates Greece at Ba1, one notch below investment grade, with a stable outlook for reassessment.

Wood & Co. Monitors Greece’s Economic Growth amid Natural Disaster Risks
English Edition

Wood & Co. Monitors Greece’s Economic Growth amid Natural Disaster Risks

They estimate the current potential GDP growth around 3%, supported by robust private sector finances and a stable public sector budget, which helps keep borrowing costs in check

Morningstar DBRS Upgrades Greek GDP for 2024 to 1.6%
English Edition

Morningstar DBRS Upgrades Greek GDP for 2024 to 1.6%

The Canada-based credit rating agency, however, lowered its GDP prediction to 2.2% for 2025

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