The Greek Deal.com
GREEK ECONOMY
Greece grows by 2.4% in the 3rd quarter
Greece's GDP grew by 2.4% year on year in the third quarter, according to ELSTAT data. Growth on a quarterly basis was 0.3%.
Upgrade of the Greek economy to an outperform recommendation
With the new year coming, rating agencies and investment banks are beginning to roll out their recommendations to investors. JP Morgan has made a significant upgrade of the Greek economy to an outperform recommendation, from a neutral previously.
Bullish on the Greek economy and Southern Europe
Goldman Sachs maintains its positive stance on the economies of Spain, Portugal, and Greece for 2025 in a recent report.
Notable progress in fiscal consolidation - Productivity is a critical challenge
Despite the difficulties, the Greek economy in 2023 showed signs of resilience, supported by prudent fiscal policies and modest productivity growth, according to the KEPE in the 2024 annual report of the National Productivity Council of Greece.
In the period 2002-2023 Greece spent €2.3 on imports of goods for every €1.0 it exported
One of the most important weaknesses of the Greek economy, the current account deficit, is put under the microscope of Eurobank Research analysts in the latest edition of "7 Days Economy" published today.
Predictions for banks and the major greek companies
The outlook for the Athens Stock Exchange and the shares of Greek companies is positive, according to two new reports published by Bank of America (BofA) and UBS.
Growth of 2.3% and inflation of 2.4% for Greece in 2025
The Commission estimates that the Greek economy will close 2024 with growth of 2.1% and inflation at 3%, with 2025 bringing growth of 2.3% and inflation at 2.4%.
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.