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Central government debt increases by 5.81 bln to 361.83 bln in Q1
EconomyMacroeconomyGreece’s central government debt increased by 5.81 billion euros to 361.83 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020, from 356.01 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
EconomyThe European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession of historic proportions this year.”
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
EconomyThe Greek Finance Ministry published on Sunday night the Stability Programme for 2020 that it submitted to the European Commission, providing the first official assessment of the economic impact the government expects to see from Covid 19 this year, as well as the notable recovery expected next year.
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S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
EconomyIn its regular rating cycle, S&P re-affirmed Greece’s credit score to ‘BB-‘, while it revised the outlook from positive to stable.
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Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
EconomyFitch published on Thursday night a rating review for Greece outside its regular schedule in which the outlook for the country was revised from positive to stable, re-affirming the rating of ‘BB’ that it had granted in the end of January.
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
EconomyGreece completed on Wednesday its first transaction to boost its cash reserves amidst the pandemic crisis by issuing a 7-year bond that raised 2 billion euros.
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Greece heads back to markets with 7-year bond in bid to boost own funds
EconomyGreece wants to signal to international markets that despite the heavy toll the pandemic is expected to inflict on the Greek economy, it can move ahead with its debt strategy.
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyThe IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertainties.
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
EconomyThe Finance Ministry is gradually accepting that the impact of Covid-19 in Greece will exact a heavy toll on the economy and the budget, with implications for the country’s public debt.
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Greece braces for recession, hopes to bounce back from summer onwards
EconomyThe extent of the damage that could be inflicted on the Greek economy as a result of the coronavirus impact is becoming clearer by the day, with the Finance Ministry and leading investment houses now expecting Greece to slip into a recession again this year.