In June 2024, the current account balance recorded a surplus of €270.8 million, compared to a deficit in the same month of 2023

The Athens Stock Exchange (ATHEX) was among the global best performers last month, July 2024, mirroring or even exceeding the positive climate in international markets and consecutive record highs posted by the S&P 500 index – all before the Aug. 5 ‘mini crash’ brought back memories of the infamous “Black Monday” of October 1987. The […]

The total value of imports, in June 2024 amounted to 6,610.3 billion euros in comparison with 6,779.6 billion euros in June 2023, recording a drop, in euros, of 2.5%

In 2023, Greeks spent €34.9 billion online, with 94% making monthly e-purchases

More than half of Greek CEOs (54%) express high confidence in their company’s growth potential

Singapore is the most competitive economy out of 67 across the world’s eight major regions.

Meanwhile, the Production Index in Construction (IPC) in the 1st quarter of 2024 recorded an increase of 5.0%

The 15.7% surge in April 2024's output price index is primarily attributed to a substantial 23.7% hike in the crop output group, driven mainly by the price increases in olive oil and fruits.

The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop

Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%.

Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries

Goldman Sachs sees an upgrade of the Greek stock market

Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.

Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%

Nevertheless, the article also highlights some of the challenges facing the country, with a falling birthrate and labor shortages posing a threat to the long-term outlook, whereas natural disasters partially attributed to climate change, such as major wildfires and unprecedented flooding, are straining state finances

Projected consumer prices are forecast to rise by 2.7%

Gentiloni praised the Greek PM for the "economic success story"

General inflation is expected to further decline in 2024 to 2.8%

The shortages are due to a combination of factors including the annual hunt for seasonal employees at the start of the tourist season, persistent skills gaps in the IT sector, and a shortage of hands in Greece's booming construction industry.

The French bank recommends a long position in Greek bonds against Belgian ones