BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects

Economy Tags: BoG, Coronavirus, GDP
Photo by MacroPolis
Photo by MacroPolis

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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