OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln
Greece braces for recession, hopes to bounce back from summer onwards
Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
Government readies up to 2 bln in assistance for shuttered firms and employees
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
The Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which – understandably – is dominated by the impact of Covid-19 on the Greek economy, leading to the central bank revising its forecasts for the economy in 2020, when it expects no growth at all.
In a dedicated segment, the central bank outlines in detail how the virus will hit the Greek economy, meaning that its recent forecast of 2.4 pct growth has become obsolete so quickly.
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