Tags
GDP
RSS-
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.
-
Tourism industry braces for outcome of gloomy Covid-19 scenarios
EconomyFeaturesAs the impact from the coronavirus spreads across Europe, the consequences are already being felt across Greece’s vital tourism sector with fears growing that the summer season could be lost.
-
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
EconomyThe 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.
-
Greek hotel industry reports COVID-19 related losses of half a billion to date
EconomyFeaturesThe 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.
-
Government readies up to 2 bln in assistance for shuttered firms and employees
EconomyFinance 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
EconomyThe 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
EconomyMacroeconomyGreece’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
EconomyThe 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
PoliticsGreek PoliticsKey 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
EconomyMacroeconomyThe 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.