Citi: Waiting for the upgrade of the Greek economy due to the elections
The Greek economy has been on a steadily upward trajectory lately, attracting the interest of international investors. Analysts are closely monitoring the moves of major rating agencies, which are called upon to assess the country's course within the current economic environment.
According to a recent analysis by Citi, further upgrades to Greece's credit rating are expected to be temporarily "frozen" during the period leading up to the national elections. The political uncertainty that usually accompanies electoral contests is a factor that leads international agencies to adopt a wait-and-see approach.
Despite this short-term pause, the outlook for the Greek economy remains positive. Citi estimates that the country is on the right track, as it continues the reforms and fiscal discipline required to strengthen its credibility in international markets.
At the center of interest in the coming weeks are the agencies S&P and Fitch, whose decisions will determine the next step for the Greek economy. Investors are eagerly awaiting their reports, which will provide a clearer picture of how the markets view the country's stability.
In the long term, forecasts remain optimistic. Analysts estimate that Greece will manage to regain an "A" investment grade by 2030, provided that the steady growth path is maintained and efforts to strengthen the competitiveness of the national economy continue.