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GREEK ECONOMY
Why the Greek economy stands out - Analysts' forecasts
The positive outlook, falling debt and outperforming growth led S&P Global Ratings to single out the Greek economy. The analysts say the country maintains a positive outlook and may further upgrade the rating.
Revenues from the fight against tax evasion may exceed the €1.9 billion
The Greek economy continues to show a positive outlook, according to the Parliament Budget Office, which forecasts growth of 2.2%–2.4% for 2025.
Major challenges for the economy in 2025
The Greek Fiscal Council, in its Autumn Report, which was released on Wednesday, said that the Greek economy will perform positively in 2024, in an environment of geopolitical instability in Europe and the Middle East, with significant problems in key countries of the European Union.
Greek economy will continue to outperform the Eurozone in the coming years
Capital Economics sees steadily rising and sustainable growth rates for the Greek economy through 2025, indicating that it will continue to outperform the Eurozone in the coming years.
Domestic demand drives growth
The Greek economy continued to grow at a satisfactory pace in Q3 2024, outperforming the Eurozone. Domestic demand remains the main driver of economic growth (private consumption and inventory accumulation), while net exports of goods and services are declining, Eurobank notes in the new issue of its 7 Days Economy bulletin.
Need for coherent policies to support effective convergence with Europe
The need for coherent policies that will support substantial convergence with Europe and the importance of targeted policies to enhance competitiveness are highlighted in the Annual Report of the National Productivity Council of Greece for 2024.
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.