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Q1 disposable income up 3.2% YoY, saving rate negative for six straight quarters
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CPI decelerates to 4.4% YoY in June, housing costs up 10.6%
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Scope leaves 'BBB' rating unchanged, outlook remains positive
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Moody's keeps rating unchanged at 'Baa3' and outlook stable
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DBRS leaves rating unchanged at 'BBB', cautions about risks and challenges
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EU–Mercosur deal promises gains for industry, risks for agriculture
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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