Economic history of Pakistan

It’s time for a new deal

The beginning of a new year, indeed a new decade, is a good time to look ahead at the prospects of the Greek economy. It is also roughly six months since the government of Kyriakos Mitsotakis took office and it is useful to look back and review how they have been doing.

Moody's upgrades Turkish economic growth forecast

Turkey's economy has continued its recovery in the first half of 2017 after growth bounced back in the last quarter of 2016 and was similarly robust in the first quarter, Moody's Investors Service has announced.        
"As a result, we have raised our 2017 growth forecast to 3.7 percent from 2.6 percent. We expect growth in 2018 to average 3.2 percent," Moody's said on Aug. 30.    

Romania's Economy Named EU's Fastest Growing

Romania's economic growth exceeded expectations in the second quarter of 2017, keeping its position as the fastest growing country in Central and Eastern Europe.

Romania's gross economy went up by 5.9 per cent in the second quarter of this year compared to the same period of 2016, according to the country's National Statistics Institute as well as the EU statistics body, Eurostat.

S&P affirms Turkey foreign and local currency ratings, outlook remains negative

U.S.-based credit rating agency Standard & Poor's (S&P) on May 5 affirmed Turkey's foreign and local currency ratings as outlook remained 'negative'.

The agency affirming the country's foreign currency rating as 'BB/B' and local currency sovereign rating as 'BB+/B', stating that the country's flexible exchange rate regime will enable the economy to adjust to external shocks.