PBO sees just 2.7% growth this year, warns about private debtEconomyMacroeconomy
Parliament’s Budget Office (PBO) published on Tuesday its report for the fourth quarter of 2020, also updating its macro estimates for 2021.
GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4EconomyMacroeconomy
Greece’s seasonally adjusted (SA) GDP rose by 2.7 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2020 after an upward revised increase of 3.1 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
In 9th post-bailout review, EC sees reforms slowing due to pandemicEconomyProgramme
The European Commission published on Wednesday the ninth post-programme report in the context of the enhanced surveillance agreed at the end of Greece’s third adjustment programme back in the summer of 2018.
EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021EconomyMacroeconomy
Within the context of its Winter Forecasts, the European Commission gave on Thursday an updated outlook on the performance of EU economies, which suggest Greece suffering a deeper recession last year and slower growth for 2021.
Fitch keeps Greece at 'BB' rating as risks remain on horizonEconomy
As was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged, at ‘BB’ and stable.
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021Economy
The Bank of Greece tabled its interim monetary policy report for 2020 on Monday, shedding light on how it expects the Greek economy and banking system to develop next year.
GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crashEconomyMacroeconomy
Greece’s seasonally adjusted (SA) GDP showed an increase of 2.3 percent (QoQ) in the third quarter (Q3) of 2020 after a revised decrease of 14.1 percent in Q2 2020, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022Economy
The OECD has released its latest economic outlook showing that Greece is unlikely to escape a significant economic downturn due to the second wave of the virus.
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainabilityEconomyProgramme
The report for the eighth post-programme review published last week included an update of the debt sustainability analysis (DSA) for Greece, the first revision since the one conducted in the context of the fifth review at the start of the year, before the pandemic struck.
Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln eurosEconomyMacroeconomy
With Greece having completed two weeks of general lockdown and as Covid-19 data continued to cause alarm, Finance Minister Christos Staikouras tabled to Parliament on Friday the final 2021 budget, which was substantially revised from the draft document submitted at the start of October.