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S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Economydisbursement of the adjustment programme provided Greece with a sizable cash buffer, which S&P estimates will meet debt-servicing into 2023. Growth The gross debt-to-GDP ratio is estimated to decline from
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammegrowth below 1 percent, the Fund estimates that will take 15 years for per capita income to return... institutions have also asked the government for a detailed timeframe for the repayment of an estimated 2
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesbillion euros according to our own rough estimates. By hedging the interventions in the tax scale... the income tax scale has been estimated by the government at 281 million euros, shared between around 4.5
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingto play the role that is required in boosting the country’s growth prospects. BoG estimates... report earlier in the year, the BoG had estimated that the combined solution of APS and DTC based SPV
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More than a quarter of a million firms affected by enforced closures due to Covid-19
Economyto the latest estimates. In the next phase of its response, the government ordered the closure of all... introduced by the government to support businesses during closure, it is estimated that only around
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Government readies up to 2 bln in assistance for shuttered firms and employees
Economysaid that the government estimates that up to 700,000 workers will be affected now. The interventions... for the whole of March and will be extended if necessary. It is estimated that around 220,000 firms fall
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economyof GDP. If the IMF estimates materialise, Greece will be developed economy most affected... couple of days for Greece as the International Monetary Fund estimated in its WEO report that the Greek
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Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
Economythat those estimates are subject to significant downside risks, most notably more prolonged... market as the ECB could purchase up to 16 billion euros of GGBs, or 9.3 pct of estimated GDP. Other
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP fell by 1.6 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from..., a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP growth before
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Newsletter 253 -05/06/2020
percent in Q4 2019, provisional estimates from the Hellenic Statistical Authority (ELSTAT) showed... percent is expected in 2020 compared to an estimated 2 percent GDP growth before the pandemic. GDP
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