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

Monday, 01 April 2019 13:09
UPD:14:35
Eurokinissi/ΠΑΝΑΓΟΠΟΥΛΟΣ ΓΙΑΝΝΗΣ

ΤΡΑΠΕΖΑ ΕΛΛΑΔΑΣ (EUROKINISSI/ ΓΙΑΝΝΗΣ ΠΑΝΑΓΟΠΟΥΛΟΣ)

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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

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