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GDP
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EconomyMacroeconomy
Growth treads water as PM targets relief for households Ahead of the PM’s recent keynote speech and extensive press conference at the Thessaloniki International Fair, ELSTAT released the latest set of GDP data for Q2, where the Greek economy’s annual growth slightly moderated to 1.7 pct year-on-year (YoY), from a 2.1 pct YoY rise in Q1.
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EconomyMacroeconomy
Q2 GDP moderates further to 1.7 pct YoY as households spending slows Greece’s seasonally adjusted (SA) GDP grew modestly in Q2, rising by 0.6 percent quarter-on-quarter (QoQ), from a 0.1 percent increase in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
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EconomyMacroeconomy
PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct The Parliamentary Budget Office (PBO) published its quarterly report on Tuesday, where the stable economic outlook and the solid fiscal performance were reaffirmed, though the PBO does see challenges mostly due to geopolitical instability and trade-related tensions.
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EconomyMacroeconomy
Q1 GDP virtually unchanged with just 0.04 pct QoQ growth, investments drop sharply Greece’s seasonally adjusted (SA) GDP was virtually unchanged in Q1, rising by 0.04 percent quarter-on-quarter (QoQ), from a 0.8 percent increase in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
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EconomyMacroeconomy
OECD sees stable growth path of 2 pct in 2025, long-term challenges persist The OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities.
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EconomyMacroeconomy
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts The European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin.
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EconomyMacroeconomy
IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook The IMF released this week the latest macro and fiscal outlook in the context of the spring meetings. Its observations on Greece were in line with those in the recent Article IV consultations.
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Economy
Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle Moody’s upgraded Greece’s rating to ‘Baa3’ on Friday, while the outlook was revised from positive to stable. Greece has now secured the investment grade from all leading rating agencies, for the first time since the debt crisis erupted in 2010.
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Economy
DBRS ups Greece's rating one notch further into investment grade On Friday DBRS upped Greece's credit rating to ‘BBB’, one notch further into investment grade, while the outlook was lowered to stable from positive.
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EconomyMacroeconomy
Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct Greece’s seasonally adjusted (SA) GDP picked up pace in Q4, rising by 0.9 percent quarter-on-quarter (QoQ), from a 0.4 percent increase in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.