Displaying items by tag: growth
Scope Ratings: ECB and strong growth boost Greece's rating outlook
Scopes Ratings believes Greece (BB+/Stable) has staged a strong recovery from the Covid-19 crisis. Last month, the agency revised up the 2022 growth forecast to 4.9% from an 4.6% estimate at the start of the year – the economy grew 8.3% last year – though Scopes revised down our 2023 forecast to 2.1% from 2.5%.
Greek economy grew 8.3% in 2021
The Greek economy grew by 8.3% in 2021 with the country's Gross Domestic Product rising to 181 billion euros from 167.1 billion in 2020, Hellenic Statistical Authority said on Friday. More specifically, the Greek GDP grew by 7.7% in the fourth quarter of 2021 compared with the same period in 2020 and grew by 0.4% in comparison with the third quarter of the year.
BoG Gov. Stournaras: Greek GDP growth rate at roughly 2% over next decade
The Greek economy will grow at roughly 2 percent over the next decade due of specific reasons, the Bank of Greece (BoG) governor Yannis Stournaras said Wednesday.