Moody’s: Greek GDP at 1.5% in 2017; 2% in 2018

16 May 2017
116 Views

Moody’s forecast GDP growth in 2017 at 1.5 percent, rising to 2 percent in 2018, while its outlook on Greek banks remained “stable”.

The forecast is a far cry from the 2.7 percent figure predicted by the Greek government, European creditors and even the IMF heading into the year.

Moody’s estimated that consumer spending and new investments will remain at low levels, with unemployment also expected to remain above the 20-percent mark.

You may be interested

African heatwave to hit Greece from Thursday
GREECE
shares24 views
GREECE
shares24 views

African heatwave to hit Greece from Thursday

Panos - Jun 26, 2017

Greece is bracing itself for an African heatwave starting from Thursday, when temperatures are expected to reach over 42-43 degrees…

Bloomberg: Can an Ancient Greek Win America’s Wars?
DEFENCE
shares36 views
DEFENCE
shares36 views

Bloomberg: Can an Ancient Greek Win America’s Wars?

Panos - Jun 26, 2017

It’s been a scorching week in Washington, what with daily revelations about Russian hacking, the Senate stumbling its way to…

Moscovici: Agreement is good, but a few more measures are needed…”
FINANCE
shares41 views
FINANCE
shares41 views

Moscovici: Agreement is good, but a few more measures are needed…”

Panos - Jun 26, 2017

In an interview to Thema newspaper, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said there were still…

Leave a Comment

Your email address will not be published.