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Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
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Economic sentiment stable in June, but consumer confidence drops
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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
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Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
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Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
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IMF raises outlook on Greek debt sustainability to merely 'uncertain'
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
The Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which – understandably – is dominated by the impact of Covid-19 on the Greek economy, leading to the central bank revising its forecasts for the economy in 2020, when it expects no growth at all.
In a dedicated segment, the central bank outlines in detail how the virus will hit the Greek economy, meaning that its recent forecast of 2.4 pct growth has become obsolete so quickly.
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