Exchange Rate in Greece
Greece - Exchange Rate (average of period)Complete data for the fourth quarter show that the economy ended last year on a much weaker footing than initially estimated, recording the sharpest contraction since Q3 2015. The deterioration was driven by nosediving investment and a sharp slowdown in household spending. The abysmal result underscores the challenges facing the debt-burdened country and the lack of progress made towards a sustained recovery despite multiple macroeconomic adjustment programs. In addition, the country’s feeble economic state has increased skepticism over whether the government will be able to hit tough bailout targets. The bailout review was delayed again in March as the government and its creditors remain at odds over required reforms, in particular concerning the labor market. A successful review is needed to unlock fresh funds, which are vital before over EUR 7 billion in bond payments are due in July.
Greece - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||1.39||1.33||1.39||1.29||1.33|
5 years of economic forecasts for more than 30 economic indicators.
Greece Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||7.18||0.19 %||Apr 06|
|Exchange Rate||1.07||-0.05 %||Apr 06|
|Stock Market||671||0.18 %||Apr 06|
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April 10, 2017
Industrial production in Greece expanded a working-day adjusted 10.8% in February compared to the same month of last year, which was above January’s revised 7.1% rise (previously reported: +7.2% year-on-year) and marked a multi-year high.
April 6, 2017
The number of unemployed decreased by 2,100 in January, according to the Hellenic Statistical Authority (EL.STAT.).
April 3, 2017
The Markit manufacturing Purchasing Managers’ Index (PMI) edged down in March, as Greece’s manufacturing sector shows no sign of recovering.
March 10, 2017
Industrial production expanded a working-day adjusted 7.2% in January compared to the same month of last year, which was above December’s revised 2.5% rise (previously reported: +2.2% year-on-year).
March 9, 2017
The number of unemployed in Greece decreased by 2,300 in December, according to the Hellenic Statistical Authority (EL.STAT.).