Greek daily news

Greek Daily News 18/03/2024

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ECONOMY

-The Bank of Greece has lowered its forecast for this year’s growth to 2.3% from 2.5%, the second downgrade since December. The real GDP growth rate of the Greek economy is estimated at 2.5% in 2025.

-Greece’s construction production index recorded an 11.6% annual increase in 2023, ELSTAT data showed.

-Greece continues to have the worst performance in household credit, which was -1.7% in January against a 0.3% increase in the eurozone, a report published by DBRS Morningstar showed on Thursday.

-Moody’s on Friday affirmed Greece’s credit rating at “Ba1”, with a stable outlook, remaining the only major rating agency to maintain the country outside the investment-grade states.

-The 2024 state budget registered a 9.1% tax revenue surplus, according to official data from the Greek Ministry of Finance.

TOURISM

-Greek regional airports managed by Fraport Greece saw a 13.5% increase in passenger traffic last month on an annual basis. International traffic grew by 12.1% compared to 2023 while domestic traffic witnessed a 15% hike.