Some key tasks pending as Greece edges closer to completing post-programme process
PBO highlights exceptional factors supporting recovery, cautions against complacency
Govt grabs opportunity offered by escape clause to entice voters with support package
Recovery in car sales slows to 2.7 pct in August
Rise of property prices continues with 4.6 pct increase in Q2
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
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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