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Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
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Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
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DBRS leaves Greece a notch from investment grade, outlook stable
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Survey highlights households struggling with cost of living, delivers worst outlook since 2019
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Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis
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Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
In the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher.
BoG presents two scenarios. The baseline sees growth of 3.8 pct, from 4.8 pct previously. The adverse scenario depends on the duration and extent of the conflict and its impact on energy and food prices. In this case, growth will be even lower, at 2.8 pct.
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