{"id":5045,"date":"2025-03-18T06:44:10","date_gmt":"2025-03-18T06:44:10","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/03\/18\/bog-slashes-growth-forecast-to-2-3\/"},"modified":"2025-03-18T06:44:10","modified_gmt":"2025-03-18T06:44:10","slug":"bog-slashes-growth-forecast-to-2-3","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/03\/18\/bog-slashes-growth-forecast-to-2-3\/","title":{"rendered":"BoG slashes growth forecast to 2.3%"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1264353\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/06\/Bank_of_Greece-320x200.jpg?v=1718996163\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/06\/Bank_of_Greece.jpg?v=1718996163\" alt=\"BoG slashes growth forecast to 2.3%\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/06\/Bank_of_Greece.jpg?v=1718996163\"\/><br \/>\n                        <\/source><\/picture>\n<p>File photo.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>The Bank of Greece has downwardly revised the growth rate of the Greek economy to 2.3% from 2.5% in 2025.<\/p>\n<p>As BoG head Yannis Stournaras told a conference organized by Greek think tank Kyklos Ideon, this revision was necessary following the downward revision of the European Central Bank\u2019s forecasts for the growth of the eurozone.<\/p>\n<p>Stournaras did not rule out the ECB cutting interest rates by another 0.25% at its Governing Council meeting in April. He reiterated his forecast for two total cuts in ECB interest rates this year, underlining that its key interest rate will have fallen to 2% by end-2025, from 2.5%.<\/p>\n<p>As he stated, \u201cmarkets are now discounting two more interest rate cuts in 2025, while a short time ago they believed that the ECB would proceed with a total of three interest rate cuts.\u201d<\/p>\n<p>Regarding the Greek economy, the central banker recommended that the new minister of national economy, Kyriakos Pierrakakis, continue the policy of fiscal responsibility thanks to which, as he said, all major rating agencies have upgraded the Greek economy to investment grade.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1264353\/bog-slashes-growth-forecast-to-2-3\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>File photo. The Bank of Greece has downwardly revised the growth rate of the Greek economy to 2.3% from 2.5% in 2025. As BoG head Yannis Stournaras told a conference organized by Greek think tank Kyklos Ideon, this revision was necessary following the downward revision of the European Central Bank\u2019s forecasts for the growth of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"BoG slashes growth forecast to 2.3%\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/03\/18\/bog-slashes-growth-forecast-to-2-3\/#more-5045\" aria-label=\"Read more about BoG slashes growth forecast to 2.3%\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/06\/Bank_of_Greece.jpg?v=1718996163","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-5045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=5045"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/5046"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=5045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=5045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=5045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}