Moody's rating agency: Greece's economy will return to growth this year

ForTrader.org, 30/04: The international rating agency Moody's announced its decision to upgrade the rating of the Greek banking system from "negative" to "stable". The agency's release notes that after six years of economic decline, the Greek economy will return to growth in 2014-2015.

According to expert estimates, moderate economic growth, coupled with the process of recapitalization of banks in Greece and access to international capital markets will positive factor for Greek financial companies.

Moody's experts predict growth GDP Greece in 2014 by 0.3%, in 2015 by 1.2%. The main reason for such dynamics will be the growth of tourism and exports.

The agency's outlook is "stable for the Greek banking sector is consistent with the debt and deposit ratings of the largest banks, as well as the sovereign ratings.