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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
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IMF urges caution on public finances
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DBRS moves Greece a notch closer to investment grade as Moody's holds off
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Building permits leap by 42.9 pct in Nov, taking year-to-date rise to 27.5 pct
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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