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PBO urges continued fiscal discipline amid growing instability
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Rising bond yields a concern, but not an immediate fiscal problem
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OECD finds tax cuts linked to pandemic helped reduce wedge on labour
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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
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S&P moves Greece closer to investment grade, puts focus on budget and growth
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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020
The Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report for 2019 in which it outlines a range of areas that Greek authorities should take encouragement from, while stressing others that require focus and pose challenges in the near and longer terms future.
Overall, the BoG appears more upbeat than in previous reports issued during the SYRIZA administration, stressing that the recovery of the economy is continuing, with improved economic sentiment and business expectations pointing to solid growth momentum.
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