Latest ΒoG forecast for Greek GDP in 2019 at 1.9%; address by central banker Stournaras

1 April 2019
205 Views

The Bank of Greece (BoG) on Monday revised, downwards, it forecast for Greek GDP growth in 2019, at under 2 percent annually. The forecast in the budget for 2019 is 2.5 percent.

The forecast will be included in a report by Greece’s central bank, which will be released during a general shareholders’ meeting on Monday.

Specifically, the BoG points to a 1.9-percent annual growth for thrice bailed-out Greece in 2019. That forecast, nevertheless, is still better than the forecast for the entire Eurozone, which is now facing an economic slowdown.

Additionally, the BoG underlines that NPEs by Greece’s four systemic banks have eased to 81.8 billion euros, or 45.4 percent of total loans extended in the country, as of end December 2018.

BoG Gov. Yannis Stournaras’ address at the 86th annual meeting of shareholders is found here:

https://www.bankofgreece.gr/Pages/en/Bank/News/Speeches/DispItem.aspx?Item_ID=585&List_ID=b2e9402e-db05-4166-9f09-e1b26a1c6f1b

You may be interested

EU citizens in the UK
GREECE
shares11 views
GREECE
shares11 views

EU citizens in the UK

Panos - Aug 21, 2019

The government and its latest Home Secretary, Priti Patel, has thrown the future of EU citizens in the UK into…

EU Commission Says it “Will Remain by Greece’s Side” One Year After Bailout Exit
FINANCE
shares17 views
FINANCE
shares17 views

EU Commission Says it “Will Remain by Greece’s Side” One Year After Bailout Exit

Panos - Aug 21, 2019

The European Commission issued a statement on Tuesday on the occasion of the one-year anniversary of Greece officially exiting its…

Greek Company Bringing Flavored Ouzo to the Market
FINANCE
shares14 views
FINANCE
shares14 views

Greek Company Bringing Flavored Ouzo to the Market

Panos - Aug 21, 2019

A Greek company which produces ouzo, has now combined the iconic Greek aperitif with different flavors, and it claims it…

Leave a Comment

Your email address will not be published.