Growth to return to Greece in second half 2016 – EU forecasts
The second half of 2016 will see an economic recovery and stabilisation of growth in Greece, according to the European Commission’s Autumn 2016 Economic Forecasts report.
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crisis
European Commission issues economic forecasts
According to Autumn 2016 Economic Forecast, economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors.
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Gloomy new statistics signify no end to Eurozone’s economic misery – opinion
The economic misery of the Eurozone doesn’t seem to have an end. According to a preliminary estimate by Eurostat, the EU’s statistical service, GDP growth in the 19 member state monetary zone during the second quarter of this year was as miser as ever. On top of that, inflation continues to oscillate around zero, while unemployment is always in the double digit region.
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Unemployment: Eurozone average down to 10.1%; Greece’s remains the highest: 23.3%
The euro area seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011.
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IMF on Greece’s reform priorities, progress
IMF: Greece’s reform priorities: Preserve and further expand labour market flexibility; foster competition in service and product markets; improve the business environment.
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Greek economy: growth to return in second half 2016; OECD Outlook
OECD on Greece: “Growth is projected to turn positive in the second half of 2016, after a deap and prolonged recession, as recovering confidence boosts investments and consumption and improved competitiveness raises exports…”
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Europarliament: Heated debate about the state of play of the Greek adjustment programme
In a heated debate about the state of play of the Greek macro-economic adjustment programme, the centre-left parties S&D, GUE, Greens/EFA, but also the conservative ECR, warned Greece’s creditors and the IMF not to impose more reforms on the country and advocated debt relief.
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European Fund for Strategic Investments: first deal signed in Greece
The European Investment Fund (EIF) and ProCredit group have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Greece.
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Commission on Greek economy: Growth to return in second half of 2016
Growth is expected to resume in the second half of 2016 and to pick up in 2017 thanks to the return of confidence and the impact of structural reforms. Following stronger than expected public finances in 2015 and the additional fiscal package currently finalised by the Authorities, the general government balance is expected to improve further.
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PM Tsipras: ‘Greece’s economy is on the threshold of exiting the crisis’ – interview with Euronews
Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to overcome its crisis for good, Prime Minister Alexis Tspiras told Euronews in an interview.
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