KEPE underlines that the implementation of important reforms and investments through the utilization of funds from the Recovery and Resilience Facility and the new ESPA also play a role in the more positive outlook of the country’s economy
In contrast, the Eurozone faces persistent challenges as evidenced by stagnant growth in the fourth quarter of 2023, registering a mere 0.1% annual increase
However, concerns arise as milestones now involve not only reforms and legislation but also project assignments, highlighting the government's lack of readiness in many cases
This interest extended to new domains such as agri-food, technology, and healthcare, in addition to the more traditional sectors.
The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%)
It should be recalled that the American investment bank had initially recommended a long position in Greek 10-year bonds in December (18/12)
The assessment is part of JP Morgan’s analysis released today regarding potential rating changes in 2024 across the Eurozone
A post-pandemic recovery was more-or-less highlighted with last week’s designation by the Economist of Greece as its “Country of the Year” for 2023
According to a recent market survey by Focus Bari/YouGov, roughly one in two consumers in Greece has already purchased an item from a retailer specializing in second-hand goods, mostly clothing.
Based on The Economist's analysis, grounded in five economic and financial indicators (inflation, "inflation breadth," GDP, employment, and stock market performance), Greece maintains its lead in economic performance among 35 primarily affluent nations for the current year
The Greek Ministry of Finance introduced an amendment to the tax bill, extending the reduced VAT rates until June 2024
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 Greek economy continues its positive course overall, but third quarter is seen slowing
UniCredit projects Greece will achieve its inflation target of 2% in 2024, aligning with the European Central Bank's goal
The organization said Greece’s strong economic rebound in the post-pandemic period is being tested by surging energy and food prices as well as renewed geopolitical uncertainty.
The BoG governor cited a study that says we need 1.6 times the Earth to maintain today's standard of living
"We will seek to combine fiscal stability with development policies, social sensitivity in practice," said the Minister of National Economy and Finance
Increase spending on health, education, supporting the vulnerable – Risks from rising property prices, interest rates, inflation and climate change
What Kyriakos Mitsotakis and Olaf Soltz said after their meeting
Both consumption and investments will maintain the growth rates of the Greek economy
Holistic knowledge is a protective shield for households, making them more resilient in situations of financial crises and other political, social and geopolitical upheavals
The products experiencing price increases in October in order to later lower through the ministry's "tag" program in November - What Hellenic Statistical Authority-ELSTAT data reveal
What BoG Gov Stournaras estimates, the food issue and the war in Gaza create new data
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