Greece is one of four Eurozone member-states expected to see a reduction in their foreign debt in 2024, according to Fitch. The international ratings agency said the country is forecast to again post a good fiscal performance on the back of consecutive primary budget surpluses.
The other countries in the euro area expected to see reductions in their debt load are Cyprus, Ireland and Portugal. Other EZ members will see foreign debt remaining at the same GDP-to-debt ratio, or increasing. The latter include Belgium, France, Italy and non-EU member Britain.
Fitch also estimates that tightening monetary policy by the European Central Bank (ECB), mostly achieved through successive quarterly interest rate hikes, has reached a ceiling. 
In its report, Fitch sees the ECB announcing a reduction, by 75 basis points, in rates as of June 2024, and dropping to 3.75 percent by the end of 2024. 
The ratings agency, one of the world’s “Big 3”, also forecasts that growth in western Europe will moderately increase next year on the back of a recovery in consumption, something facilitated by easing inflation, a continuing increase in investments and a modest recovery in foreign demand.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Ex-PM Samaras expelled from Ruling ND Party
Government spokesman makes the announcement hours after a portion of Samaras' interview with 'To Vima' were released; former PM called for firing of foreign minister
Samaras to ‘Vima’: Support for Karamanlis as Next President
In the Vima article, Ex-premier and ND leader Antonis Samaras also calls for the resignation of FM Gerapetritis, saying he's shown appeasement vis-a-vis Turkish provocations
Year-Long Restriction on Extra Airbnb-type Properties as of Jan 1
As of Jan. 1, 2025, the state will allow the short-term rental availability of only 3 properties in specific Athens districts - a measure that expires at the end of the year
Turkish FM Fidan Returns to ‘Revisionist Mode’ in TV Appearance
Minister Hakan Fidan cites 'more than one problem' in the Aegean needing resolution; quip aimed at domestic audience comes amid significantly improved relations
Civil Defense Warning For Inclement Weather in Central Greece
Notification issued to residents in the central Greece province of Thessaly, the south-central prefecture of Fthiotida, the large island of Evia and the Sporades Island chain
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
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
Euroxx Securities Raises Price Targets for Greek Banks
Looking ahead to the next three years, Euroxx predicts that Greek banks will lead in dividend payouts, with distribution yields exceeding 10%.
Greece Hits Lowest OECD Ranking in Living Standards, GDP
At the same time, Greece's GDP index for the second quarter of 2024, based on OECD data, was only 85.07 points, placing the country again at the bottom.
EFKA to Launch Digital Personal Portfolio for Insured Citizens by End of 2025
This way, insured individuals can quickly determine their coverage period, any debts, and whether they have valid insurance coverage.
![Φυσικό αέριο: Νέο ράλι στις τιμές – Πόσο αντέχουν τα αποθέματα [γράφημα]](https://www.ot.gr/wp-content/uploads/2023/01/OT_naturalgas-90x90.jpeg)
![Ελληνικός τουρισμός: Ανεβαίνει και άλλο στην ελίτ των ξενοδοχείων πολυτελείας – Ποιες αλυσίδες έρχονται [πίνακας]](https://www.ot.gr/wp-content/uploads/2024/11/oo1-90x90.png)
![ΟΟΣΑ: Στροφή των επιδοτήσεων για τη γεωργία στην καινοτομία [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/11/ot_agriculture_drone1-1-600x352.png)
