“We raise our GDP forecast for 2021 to 7.9% with strong performance in the second quarter,” says UBS
The economic recovery proceeded much faster than expected in Greece, UBS said in a report, noting that GDP is recording the strongest course in the last 20 years.
The report notes that GDP had fully recovered from the pandemic shock by the second quarter of 2021. It therefore revised its year-on-year forecast from 6.6% to 7.9% in 2021. For 2022 it “sees” growth of 6% compared to a previous forecast of 5%.
According to UBS, the available data show a continuous recovery of activity in the third quarter. Google mobility data show that there was a sharp increase in activity in July, August, and September.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Scientific Mission Focuses on Santorini Landslide Risks
Renowned isle in the southern Aegean has attracted international attention after nearly a month of unprecedented seismic activity in the region
Greek PM’s Sunday Post Touches on Quakes, Budget, ‘The Odyssey’
Kyriakos Mitsotakis cites shooting in Greece of latest Christopher Nolan big-budget movie, 'The Odyssey', noting that “…scenes of the film will be shot in various locations in Greece, which have already been selected"
‘Ne Zha 2’ vs. ‘Captain America’: A Cultural Box Office Battle
China’s animated blockbuster 'Ne Zha 2' shatters records and sparks patriotic fervor, while 'Captain America: Brave New World' struggles to win over Chinese audiences in a clash of cinema and culture
U.S.-Russia Talks to Advance, U.S.-Ukraine Near Mineral Deal
U.S. and Russia plan second round of talks despite Ukraine objections; Trump-Putin meeting under consideration
Mitsotakis: Police to Patrol Athens Public Transit for Safety Upgrade
"130 police officers, either in uniform or in plain clothes, are on the suburban train and buses of West Athens"
Storm Coral Brings Polar Chill to Greece – Which Areas Will See Snow?
The icy conditions are expected to persist until Monday, with even colder weather anticipated in the coming hours
Travel Revenues up 5.4% in Dec. 2024: Bank of Greece
Visitors from Germany, Italy and the U.S. made up the bulk of visitors to Greece, while tourists from the EU27 members accounted for 54.6% of the aggregate receipts in December 2024.
Greece’s Retail Sector Turnover Sees 2.4% Growth in 2024
Among the regions, the North Aegean recorded the highest turnover growth in 2024, with a 3.8% increase, followed by Attica with 3%.
Greece Reallocates Emissions Funds, Prioritizing Industry Over Consumers and Green Transition
Greece shifts €152 million in emissions funds to aid energy-intensive sectors like aluminum and steel at the expense of support for consumers, renewable energy and the green transition.
Santorini Tourism Union Demands Emergency Support Amid Cyclades Seismic Crisis
The Greek government is reportedly considering a mini support package for Santorini, to be activated if the island's seismic activity persists for an extended period.
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