Economy of Greece

ATHEX: Bourse posts 6.88% leap in November

November proved to be a very profitable month for the Greek stock market, and not only for bank stocks, whose index soared 12.44%, but also for the benchmark, which has grabbed 6.88% from October 31. The month ended with a high-trade day due to index rebalancing and gains for most stocks, which took the main index to a new 12-week high on Thursday.

OECD sees Greek economy growing 2.4% this year

The Greek economy is projected to grow by 2.4% this year and 2% in 2024, rising again to 2.4% in 2025, the OECD said in its economic survey report released on Wednesday.

The Paris-based organization said that Greece's strong economic rebound from the Covid-19 crisis is being put to the test by surging energy and food prices and renewed global uncertainty.

Greek growth stays above EU average

The European Commission sees Greece's economic growth at 2.4% in 2023 and 2.2% until 2025, above the eurozone and EU average, in its fall economic forecasts released on Wednesday, pointing out that this growth is supported by the implementation of the Recovery and Resilience Plan and a resilient labor market.

Greece, a debt cut champion

The already very important performance recorded by Greece internationally in terms of debt-to-GDP ratio reduction will continue over the next seven years, as Moody's estimates, thanks to the strong growth of the Greek economy, the very favorable public debt profile, as well as the very good management strategy.

ATHEX: Lenders steal show at the Greek bourse

The stocks of Greek banks sent turnover at the local bourse soaring on Monday, as they accounted for about 90% of the nearly 400 million euros traded at Athinon Avenue on the day, helped by the divestment of the Hellenic Financial Stability Fund from Alpha and National. Prices varied, with winners edging out the losers by the smallest of margins.

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