International Firms: Greece Is Changing Its Development Model with Investments and Exports

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Moody’s, DBRS and Scope see enhanced productivity, increased resilience and greater growth prospects – Record 12.8 billion euros in foreign direct investment

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The improvement of Greece's growth model in recent years, with a significant increase in investments and exports, is increasing productivity and the potential rate of growth of its GDP, according to international credit rating agencies that upgraded the creditworthiness and prospects of the Greek economy in September. As GDP growth is based more on investments and exports than in the past, the growth momentum is strengthened and the process of …

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Moody’s, DBRS and Scope acknowledge that the Greek economy has turned a page on investment, fiscal resilience and debt deleveraging. However, behind the upgrades, serious issues remain: productivity at just 67% of the EU average, investment rates even lower than in developed economies, persistent current account deficit and a big question mark over […] The article Upgrades with asterisks: Houses see investment turnaround, but productivity remain…

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Discover more articles in search results Add ot.gr to Google Productivity and potential GDP growth are increasing due to the improvement of Greece's development model in recent years, with a significant increase in investments and exports. This was found by international credit rating agencies that upgraded the creditworthiness and outlook of Greece in September...

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International credit rating agencies are recording signs of change in the structure of the Greek economy, with...

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Converging productivity with Eurozone levels is a key challenge for the Greek economy.