Moody’s maintains stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans

Moody's-Greek banks

Moody’s Investors Service is maintaining its stable outlook on the Greek banking system, reflecting the rating agency’s expectation of some improvement in banks’ profitability and loan quality in 2017-18, balanced by very high level of problem loans. The outlook expresses Moody’s expectation of how bank creditworthiness will evolve in Greece over the next 12-18 months. Continue reading “Moody’s maintains stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans”

Modest pick-up in global growth but risks and vulnerabilities could derail recovery, says OECD

Will-risks-derail-the-modest-recovery-OECD-Interim-Economic-Outlook-March-2017

Global economic growth is expected to pick up modestly next year to around 3.6 % from a projected 3.3% in 2017 but risks of rising protectionism, financial vulnerabilities, potential volatility from divergent interest rate paths and disconnects between market valuations and real activity hang over the outlook, according to the OECD. Continue reading “Modest pick-up in global growth but risks and vulnerabilities could derail recovery, says OECD”