MacroPolis

Government readies up to 2 bln in assistance for shuttered firms and employees

Finance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros.

More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth

The government is lining up more fiscal measures to prop up the economy as forecasters becoming increasingly gloomy about the impact of the coronavirus.

GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019

Greece’s seasonally adjusted (SA) GDP fell by 0.7 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2019 after a downward revised increase of 0.4 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.

Gathering signs of coronavirus impact on growth expectations

The Hellenic Fiscal Council (HFC) has warned that the Greek economy could be threatened by the spread of the coronavirus in the eurozone.

Greece braces for potential impact of coronavirus on key economic sectors

Key sectors of the Greek economy are expected to suffer the effects of reduced travel and trade due to the spread of the coronavirus.

PBO sees encouraging signs for economic and fiscal outlook

The Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report as several fiscal and macro fronts are moving in the right direction.

EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct

The European Commission updated its economic estimates for Greece on Thursday, as part of the regular winter forecast cycle, revising upward its expectations for the growth of 2019 to 2.2 percent from 1.8 percent in the autumn forecasts three months ago.

Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020

Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.

BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020

The Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report for 2019 in which it outlines a range of areas that Greek authorities should take encouragement from, while stressing others that require focus and pose challenges in the near and longer terms future.

Promises and challenges of Greece's "green new deal"

By: Georgia Nakou

Recent announcements promise a radical shake-up of the Greek power sector, with the government pledging to put the country among the global leaders in the transition to a zero-carbon economy.