The international rating agency Fitch said in a statement that it has affirmed Greece’s long-term issuer default ratings (IDRs) in foreign and national currencies at ‘BB’. The rating outlook is positive. This means an expected steady decline in public sector debt. A Fitch press release states: “Greece has a high per capita income that is […]
The European Commission has revised down its forecasts for the Greek economy, forecasting GDP growth of 3.5% in 2022 and 3.1% in 2023 from 4.9% and 3.5%, respectively, compared to its forecasts. taken in February last year. On Monday, the European Commission published its spring report on economic growth in member countries. EU entitled “Economic […]
Greece’s economy is expected to grow 6.5% this year and 4.6% in 2022, the International Monetary Fund said Tuesday in its global economic outlook report. The IMF expects inflation to reach 1.3% by the end of the year and fall to an average of 0.4% in 2022. The unemployment rate is projected to drop to […]
The European Commission praised the Greek government in the context of the 10th assessment after the memorandum for the measures to combat the coronavirus and for the continuation of reforms, and offered to allocate an additional 748 million euros for debt reduction, but at the same time pointed out the problems that threaten the future […]
The International Monetary Fund predicts that Greece will grow 3.3% this year and 5.4% in 2022, following a remote survey it conducted to prepare an Article 4 report for Greece. The main findings of this review are included in the fund’s mission statement, which was released today, and the results were analyzed at a press […]