Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
DBRS leaves Greece a notch from investment grade, outlook stable
Survey highlights households struggling with cost of living, delivers worst outlook since 2019
Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis
Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
In the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking sector.
Despite the heavy economic contraction of 8.2 pct last year, the economy showed resilience according to BoG. It was largely assisted by the accommodative fiscal stance and unprecedented fiscal support, which reached last year 11.2 pct of GDP.
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