The Greek economy will contract in 2020 but will return to positive growth rates in 2021, the
Privatisations boosted the country’s GDP by around 1.0 billion euros annually, on average, in the period 2011-2019, while the average impact
The Greek government on Wednesday tabled in Parliament the 2019 state budget which envisages an economic growth 2.5 pct in 2019 from 2.1 pct this year and a primary surplus of 3.98 pct of GDP this year, up from a budget target for a surplus of 3.5 pct.
By GEORGE KOULOURIS Τhe Middle East and North Africa region concern, mainly, the international opinion due to the turmoil resulting from the Arab Spring from 2011 onwards, the Syrian crisis and the ISIS. However, on the already existing issues water scarcity should be added in particular. This problem combined with the rising in demand for water […]
Greece’s primary budget surplus reached 4.14 percent of gross domestic product last year, based on the terms of the country’s economic adjustment program, according to Finance Ministry officials.
Greece on Wednesday revised its estimate for GDP growth in 2017 upwards to 1.5 pct, from an initial estimate of 1.4 pct in March.
Greece’s growth rate for GDP is forecast at 2%, Moody’s rating agency said late on Wednesday, maintaining the country’s rating at B3 with a positive outlook.
Greece’s economic growth rate in the first quarter of the year expanded at the fastest pace since 2008, said the Hellenic Fiscal Council in a quarterly report on Wednesday.
“There is no doubt that the government is meeting its [primary surplus] targets for 2018-2019 and the discussion is now focused only on the size [of surplus] that will allow tax reductions and focused interventions on spending,” a Greek government official told reporters on Thursday.
The target of achieving a primary surplus of 2 percent of GDP after 2022 offered to Greece by its European lenders at the last Eurogroup meeting must be lowered, the International Monetary Fund’s (IMF) spokesman Gerry rice said on Thursday, during a regular press briefing in Washington.