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

1 April 2019
371 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

Yorgos Lanthimos’s “The Favourite” scooped the 32nd European Film Awards
ART
shares8 views
ART
shares8 views

Yorgos Lanthimos’s “The Favourite” scooped the 32nd European Film Awards

Panos - Dec 09, 2019

Yorgos Lanthimos’ The Favourite was the big winner at the European Film Awards on Saturday (December 7), winning eight prizes…

Greek Foreign Ministry harsh response to Turkey on Pontian Genocide: You are getting exposed
FINANCE
shares8 views
FINANCE
shares8 views

Greek Foreign Ministry harsh response to Turkey on Pontian Genocide: You are getting exposed

Panos - Dec 09, 2019

The Greek Foreign Ministry’s responded in a sharp tones to the Turkish Foreign Ministry’s provocative statement which berated Kyriakos Mitsotakis…

Weather forecast: Mostly fair
GREECE
shares15 views
GREECE
shares15 views

Weather forecast: Mostly fair

Panos - Dec 09, 2019

Mostly fair weather and northerly winds are forecast for Monday. Wind velocity will reach 5 on the Beaufort scale. Partly…

Leave a Comment

Your email address will not be published.