Market trends

Greece's economic outlook has improved notably, but significant challenges remain, the IMF said in a report released on Wednesday.

The Greek economy is expected to regain its growth momentum in the second half of the year, after a slowdown in the previous quarters, as a result of increased confidence and favorable monetary conditions, a report by the financial analysis department of the National Bank of Greece argues.

The Hellenic Fiscal Council and the Hellenic Federation of Enterprises (SEV) warned the government on Wednesday about the threat of stagnation in the economy without the implementation of reforms, along with the threat of fiscal problems in the future from state-guaranteed loans.

The airline industry is crying foul over government practices that are hampering its growth, with Aegean Air vice chairman Eftychis Vassilakis attributing the stagnation in the carrier's figures to increased taxes and charges and the poor official response to the migrant crisis.

The National Bank of Serbia (NBS) expects GDP to increase by 0.5 percent this year relative to the May projections which anticipated a stagnation.