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GREEK ECONOMY
The challenge of filling the investment gap in the medium to long term
Fixed capital formation is one of the four components of domestic demand, i.e., the expenditure made by households, businesses and the government on the purchase of final goods and services, as Eurobank writes in its regular publication on the Greek economy.
Management consultants' expectations deteriorated
The expectations of management consultants for the course of the Greek economy in the next 12 months have deteriorated, according to the results of the Association of Management Consultancy Firms' Barometer for the economy.
Geopolitical risks worsen the economic climate in Greece
According to the IOBE's Economic Sentiment Survey, the deterioration of the economic climate recorded in Greece in October is exclusively due to industry.
The paradox of the Greek economy
Wood comments in a report that the Greek economy is sending out the opposite signals. The analysts say that both consumers and businesses are not optimistic about their economic situation.
Debt falls below 140% in 2029
With primary surpluses at 2.1% of GDP by 2029, Greek debt will fall below 140% of GDP shortly before the end of the decade, the International Monetary Fund predicts in the latest edition of its Fiscal Monitor report.
Greece is the growth champion in Western Europe
The financial assets of Greek households grew by 7.4% in 2023, the highest growth rate in Western Europe according to Allianze.
Sees growth of 2.3% this year and 2% in 2025
The Greek economy is projected to grow at a higher rate than the Eurozone, both this year and in 2025, according to an International Monetary Fund report on the outlook for the global economy released today.
Maintained BBB- investment grade for Greece
Standard and Poor's made no move yesterday evening, maintaining its BBB-investment grade rating (the lowest level of investment grade) with a positive outlook.
Growth at 2.3% in 2024
The Parliament Budget Office revised forecast for the Greek economy's annual growth rate for 2024 stands at 2.3%, slightly lower than the previous estimate of 2.5%, as published in the June report.
Bullish on the Greek economy
UBS remains bullish on the Greek economy, noting that GDP remains on track to meet its forecast for 2.5% growth in 2024, despite recent weakness in Eurozone indicators.
Greece's progress and the government's reform plan
In his keynote address at the Société Générale conference in Paris, which was organized in collaboration with the Athens Stock Exchange (EXAE), Prime Minister's Economic Advisor Alexis Patelis mentioned Greece's progress over the last five years in several significant economic indicators.