Moody’s upgrade significant for the Greek economy, says gov’t spox
Government spokesperson Pavlos Marinakis described Moody’s decision to upgrade Greece’s economy to investment grade as a significant development, in a social media post.
Government spokesperson Pavlos Marinakis described Moody’s decision to upgrade Greece’s economy to investment grade as a significant development, in a social media post.
Growth in the Greek economy is expected to peak in 2025, after which it will converge towards potential growth, the Bank of Greece (BoG) said in its Note on the Greek Economy, released on Friday.
The European Commission has placed Greece in the same group of countries as Sweden, Germany and the Netherlands, but that is not good news. It is the group of nine eurozone countries in which the Commission’s “Alert Mechanism” identified macroeconomic imbalances. In-depth assessments will follow on whether these imbalances have worsened or are being corrected.
German newspaper Handelsblatt has published an article discussing the performance of the Greek economy and efforts to combat tax evasion.
After a robust recovery from the Covid-19 pandemic and increasing favor with several credit rating agencies, the Greek economy is expected to see a continued trend in positive growth in the new year.
The Economist ranked Greece at the top of the list for the second time in a row of 35 countries with the best economic performance for 2023 on Monday.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |