Standard & Poor’s: Greece rating remains BB+

Rating agency Standard & Poor’s has confirmed the credit rating of Greece BB +, leaving it unchanged. S&P notes a stable outlook, reflecting expectations that fiscal cushions and the effectiveness of Greece’s policy will enable it to absorb the economic consequences of the war in Ukraine. The BB+ level is one notch lower than the […]

$1 trillion this year the world economy will lose due to the Russian invasion of Ukraine

Russia’s full-scale invasion of Ukraine is accompanied by economic consequences around the world – this year alone, the war reduced the forecast of world GDP by $1 trillion. This, referring to their own calculations, reports The Economist. According to The Economist Intelligence Unit’s (EIU) World Economic Outlook on February 15, global GDP should have grown […]