PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
The Organisation for Economic Cooperation and Development published on Monday a report that evaluates the initial impact on economic activity of containment measures taken around the globe against the spread of the coronavirus.
The report notes that as public health is the primary concern, the closures of businesses and restrictions on travel and movement will have sharp effects on the output level, household spending, business investment and international trade.
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