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Economy
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects The Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which – understandably – is dominated by the impact of Covid-19 on the Greek economy, leading to the central bank revising its forecasts for the economy in 2020, when it expects no growth at all.
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EconomyFeatures
Greek hotel industry reports COVID-19 related losses of half a billion to date The Hellenic Chamber of Hotels (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due to the coronavirus epidemic.
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Economy
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.
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Economy
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.
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EconomyMacroeconomy
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.
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Economy
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.
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PoliticsGreek Politics
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.
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EconomyMacroeconomy
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.
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EconomyMacroeconomy
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.
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Economy
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.