Of Eleftheria Kourtali UBS reduced its growth forecast for Greece to 4.0% from 5.5% previously this year, as it acknowledges, as it points out, the opposite winds that the economy is facing due to the effects of the war in Ukraine. , with the bank, however, maintaining its constructive stance on the country’s prospects due […]
Tag: development
Reuters: Germany cuts growth forecast to 2.2% from 3.6% due to war
LAST UPDATE: 17.47 The German government will cut its forecast for the growth of the German economy, the largest in the European Union, for 2022 to 2.2%, compared to a previous forecast of 3.6%, mainly due to the effects of the war unleashed by Russia. against Ukraine, stressed a government source from Berlin in the […]
IMF: Raises global economic growth bar to 3.6% over Ukraine
The International Monetary Fund (IMF) has revised its forecasts for global economic growth by almost one percentage point due to Russia’s war in Ukraine, warning that inflation is now a “clear and present threat” to many countries. ”. The war is expected to slow growth and increase inflation even further, the IMF said in its […]
World Bank: downgraded its global growth forecast to 3.2%
The World Bank cut its forecast for global growth in 2022 by almost one percentage point, to 3.2% from 4.1%, due to the negative impact of Russia’s invasion of Ukraine, as announced by the president of the bank, David Malpass today, Reuters reports, In a teleconference with reporters, Malpass said the World Bank was responding […]
IMF: Inflation a major obstacle to global economic recovery
Inflation is a clear threat to many countries in the world and a major obstacle to the global recovery, International Monetary Fund chief Kristalina Gerogieva said in a speech ahead of the IMF spring meeting. The IMF will announce next week a further downgrade of its global growth forecast for 2022 from the 4.4% forecast […]
Lagarde: Downward risks to growth intensified – ‘The journey has begun’, he said on interest rates
LAST UPDATE 16:35 The toxic mixture of rising energy and other commodity prices and the enormous uncertainty created by the war in Ukraine are now creating significant difficulties for the economic growth of the Eurozone. “Inflation has risen significantly and will remain high in the coming months, mainly due to the sharp rise in energy […]
Moody’s Analytics: The three scenarios for the Greek economy from the war in Ukraine
Of Eleftheria Kourtali As the Greek economy struggled to expand and after two years of COVID-19 crisis Greece’s real GDP returned marginally above pre-pandemic level, another international crisis erupted with the Russian invasion of Ukraine, notes Moody’s Analytics . This military conflict, as he emphasizes, leads her to reduce her forecast for the growth of […]
Stability Program: Return to strong growth in 2023
By Tasos Dasopoulos The overcoming of the current energy crisis, with acceleration of growth from 2023 and significant fiscal adjustment, will be described in the revised Stability Program 2022-2025, which is being intensively prepared by the Ministry of Finance. According to information, the basic scenario for the economy wants the growth rate to slow to […]
Development: What factors support it during the war?
The war in Ukraine has overturned the forecasts of European governments and international economic organizations for development, which were very positive until the February 24 invasion of Russia. Although the effects of the war on development have begun to be reflected in research on climate indicators, a first more substantial picture will emerge from the […]
G. Stournaras: Lowers the growth bar to 3.8%
LAST UPDATE: 13:19 The Governor of the Bank of Greece, Giannis Stournaras, lowered the estimates for the development. As he stated during the General Meeting of BoG shareholders, the Greek economy is projected to continue growing in 2022, but at a slower pace than initially forecast (4.8%). This, as the escalation of uncertainty due to […]
