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  1. Greece braces for recession, hopes to bounce back from summer onwards
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    , for example, the traffic at Athens International Airport has dropped by 72 pct. The cost of the crisis

    2%

  2. Alpha Bank posts net profits of 97.1 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    Neptune is further along the process. The bank noted that the coronavirus crisis has decreased

    2%

  3. Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    for its online banking service, while overall digital traffic has increased. Online banking

    2%

  4. Retail turnover up by 10.1 pct in January
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    -on-month and came to -16.5 in March. Compared to March 2019, consumer confidence has shown

    2%

  5. OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
    Photo by MacroPolis

    Economy

    and house purchases, restaurants and cinemas that are shut, non-essential construction work that has

    2%

  6. Big drop in March sees PMI settle at 42.5 pts as Covid-19 measures bite
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s manufacturing PMI dropped to 42.5 points in March from 56.2 points in February, according to the latest data from Markit PMI. The data indicates that the Greek manufacturing sector has been impacted significantly by the spread of the coronavirus. Markit indicated that the headline figure

    2%

  7. Google mobility report illustrates stark drop in activity due to Covid-19
    Photo by MacroPolis

    Society

    Google has released a set of mobility reports which illustrate how the public’s movements around the world have altered due to the coronavirus outbreak. Greece went into staggered lockdown measures over a number of weeks after the first case of the virus was announced in the country on February 26

    2%

  8. Covid-19 effects spread across number of sectors
    Photo by MacroPolis

    EconomyFeatures

    likely to be affected are tourism, retail and transport among others. The tourism industry has

    2%

  9. Unemployment at 16.4 pct in January
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    . Since the peak of 1.35 million unemployed in September 2013, unemployment has shown a fall of 43.1

    2%

  10. Industrial production falls by 3.4 percent in February
    Photo by MacroPolis

    EconomyMacroeconomy

    . Year-on-year, industry confidence has risen by 5.3 points. However, Markit’s PMI for March showed

    2%