In a recent economic update, data released on March 14, 2024, shows that Greek credit expansion slowed to 1.9% in January 2024. This marks a decrease from the previous indicator of 2.5% in November 2023. The comparison period for this data is year-over-year, meaning the current indicator of 1.9% is a comparison of credit expansion in January 2024 to the same month a year ago.
The slowing credit expansion in Greece could have implications for the country's economic growth and stability. It suggests that there might be less borrowing and spending happening in the country, which could impact various sectors of the economy. As policymakers and analysts assess this data, they will be looking for ways to stimulate credit growth and overall economic activity in Greece.
