In confirming the BBB- score, whereas sustaining a steady outlook for the Greek economic system, the score company Fitch Rankings proceeded, holding any improve for the November score, which can happen on the twenty second of the month. Fitch diverged from S&P’s transfer in April, which additionally affirmed the score at BBB-, however upgraded the … Read more
Scores company Fitch did not do the federal government any favors it anticipated, though it did not say so overtly, to get one other notch in yesterday’s ranking, however it confirmed basic market sentiment that it will give a sign that it “welcomes” an improve in due time. Possibly additionally on November 22, when he’ll … Read more
It’s common information that the Greek economic system, after the collapse of the debt disaster, will proceed to outperform the Eurozone within the coming years, as based on the Fee’s spring financial forecasts, this 12 months’s development will vary between 2.2% and a pair of.3%. in 2025, in comparison with 0.8% and 1.4% of the … Read more
The political scene has entered the rhythms of the European elections, and it appears that evidently within the month remaining till the opening of the poll field, there will probably be extra tensions and conflicts. Nevertheless, regardless of their criticality, the Greek economic system appears to be shifting unbroken at its personal tempo, largely outlined … Read more
In the third quarter of the year, as expected due to the impact of tourism, ING expects the growth trajectory of the Greek economy to accelerate, covering the sluggish pace of the first quarter. In this context, it expects GDP to grow by 1.5% this year, lower than the Greek government’s estimates, and by 2% … Read more
The Greek economy remains resilient and is expected to grow at a rate of 2% this year and 2.5% in 2025 as rising employment and real wages and strong tourism boost consumption, according to the OECD’s six-monthly report (Economic Outlook). . Despite the slowdown in youth growth jobsthe employment rate and labor force shortages remain … Read more
The image of the Greek economy may seem attractive and healthy to a significant extent, but despite this there are still concerns about its course in the medium term. Those directly involved in its operation, bankers, businessmen, economists and economists, recognize that the old threats to public finances and public debt are and will be … Read more
As long as Greece continues its economic policies and commitment to fiscal consolidation, while successfully implementing the remaining reforms, there could possibly be an upgrade from Moody’s, he estimates in his interview with “Step” The Colin Ellisits Global Credit Strategist Moody’s Investor Service. According to the credit strategist, a higher rating could be supported by … Read more
“A decade ago, Greece was in the midst of a devastating debt crisis marked by years of austerity, hardship and turmoil. Now, officials and investors say 2024 could be the year its recovery finally completes.” He mentions the above in his analysis Reuters about the achievements of the Greek economy, stressing in its title that … Read more
As analysts had already discounted for a long time, the international rating agency Standard and Poor’s, late on Friday night (after the close of Wall Street), upgraded the outlook of the Greek debt to positive from stable, keeping the rating unchanged “BBB-“. This move brings closer to another upgrade for the assessment of the Greek … Read more