Economic stagnation

Greece's economic outlook has improved notably, but significant challenges remain, the IMF said in a report released on Wednesday.

Recent figures from Eurostat, cited by the Institute for Market Economy, highlight Bulgaria's progression to 62% of the average European income and standard of living. This updated data for 2022 reflects a 12% growth over the past five years, signaling a positive trend for the country's economic standing.

The return of Greeks who left for abroad is one of the biggest challenges for the next four years, as the better prospects that the Greek economy shows today compared to the previous decade are creating the conditions to limit the phenomenon of human capital leakage from the country, commonly known as the brain drain. However, the evidence shows that the expected brain gain is still slow.

London (CNN) - Is the damage caused by the lockdown worse than the virus itself? That's a question raised by some world leaders and commentators who claim that economic and social hardship caused by strict coronavirus restrictions places a heavier burden on society than the death rate caused by the disease.

Yesterday, the European Central Bank published an economic newsletter warning of the deteriorating risks to the global economy.

The Greek economy is expected to regain its growth momentum in the second half of the year, after a slowdown in the previous quarters, as a result of increased confidence and favorable monetary conditions, a report by the financial analysis department of the National Bank of Greece argues.

Eurozone business growth is at its lowest level since 2014, driven by stagnation in France and a slowdown in Germany, according to recent reports, quoted by Econ.bg

In the shadow of political risks such as Brexit and weaker global growth, the eurozone is struggling to keep its economy healthy, according to a study by IHS Markit.

The Hellenic Fiscal Council and the Hellenic Federation of Enterprises (SEV) warned the government on Wednesday about the threat of stagnation in the economy without the implementation of reforms, along with the threat of fiscal problems in the future from state-guaranteed loans.

Greece's economy will accelerate at a far faster rate this year than last, ending an eight-year nightmare of recession or stagnation but still performing less well than the government and its creditors project, the IOBE think tank said on Thursday.

Greece dropped three spots in the Doing Business 2017 chart issued by the World Bank on Tuesday, sliding from 58th place last year to 61st this year out of 190 countries.