BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually

Moody's ups GGB rating by two notches, on par with S&P and Fitch 18/09/2023 - 10:30
Return to investment grade overshadowed by flood destruction 11/09/2023 - 11:12
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep 07/08/2023 - 10:38
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield 12/07/2023 - 09:07
Bond re-opening with 4 pct yield completes debt strategy for year 22/06/2023 - 10:35
Fitch takes no rating action as fiscal continuity remains crucial to investment grade 12/06/2023 - 10:28

BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually

Economy 23/09/2020 - 11:20 Tags: Banking, BoG, Covid, GDP

Speaking at an online event organised by a local think-tank, Bank of Greece governor Yannis Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic on the economy.

Stournaras also outlined the potential benefits from the EU’s response to the crisis through the Next Generation EU funding and reiterated his view that another systemic solution is needed to help banks deal with the bad loans challenge.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€500.00

Free Mobile Apps

Update to the latest version of the MacroPolis Apps. Access all of our daily analysis, as well as our weekly e-newsletters, at your fingertips.

Tweets by @MacroPolis_gr

You have to in order to view this content.

Most Popular

Outsider Kasselakis on track to lead SYRIZA after securing key backers 19/09/2023 - 14:02
Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance 18/09/2023 - 09:55
Controversial labour law set to usher in radical changes to employment practices 21/09/2023 - 14:08
Tension builds in SYRIZA leadership race as govt moves ahead with wage maturities 20/09/2023 - 11:30
Under-fire PM pledges civil defence improvements following summer of destruction 18/09/2023 - 09:43

Storm fallout sweeps PM to crucial juncture early in second term 11/09/2023 - 11:47
Storm impact and ferry death engulf political agenda 06/09/2023 - 12:09
Outsider Kasselakis on track to lead SYRIZA after securing key backers 19/09/2023 - 14:02
Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance 18/09/2023 - 09:55

Mitsotakis eyes majority in second vote as SYRIZA reels from crushing defeat 22/05/2023 - 10:54
PM forced to adjust line over deadly train crash amid public anger 06/03/2023 - 09:45
Politicians have commissioned, and largely ignored, multiple reports on wildfires 09/08/2021 - 13:13
Mitsotakis sets May 21 election date, eyes opposition MPs as potential allies 28/03/2023 - 12:02
Tsipras pitches SYRIZA election manifesto as basis for progressive coalition 04/05/2023 - 13:28

Moody's ups GGB rating by two notches, on par with S&P and Fitch 18/09/2023 - 10:30
Loans managed by servicers broadly stable in Q2 at 71.16 bln 19/09/2023 - 11:50
Impact of energy moderates, current account deficit narrows to 7.86 bln in 6M 21/08/2023 - 12:04
Positive sentiment around banks continues to grow 21/09/2023 - 10:41
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling 21/09/2023 - 11:07

Return to investment grade overshadowed by flood destruction 11/09/2023 - 11:12
Moody's ups GGB rating by two notches, on par with S&P and Fitch 18/09/2023 - 10:30
Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble 30/08/2023 - 13:12
GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year 06/09/2023 - 13:06

Tracing the decline of the middle class as parties vie for its votes 02/07/2019 - 15:54
Record FDI flow into Greece raises bar, but is it sustainable? 23/11/2022 - 10:58
Consumer scorecard finds Greeks struggling most in EU with cost of living crisis 29/03/2023 - 11:09
Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential 20/03/2023 - 10:44
Another crisis chapter closes, triggering final round of debt relief measures 06/12/2022 - 11:50