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rdf:type	schema:NewsArticle
schema:articleBody	Ratings agency Standard & Poor's has downgraded its outlook for Greece on forecasts the economy will plunge into recession on the fallout of the coronavirus pandemic, while maintaining the country's credit rating. S&P forecast the Greek economy would contract by around 9 percent in 2020 on "uncertainty about the duration of the pandemic and resulting economic crisis", revising its outlook from "positive" to "stable". The agency reaffirmed its sovereign credit rating for the country at "BB-/B" and added it expected its economy to rebound in 2021. After a nearly decade-long debt crisis and the loss of almost a quarter of GDP, the Mediterranean country had expected growth of at least 2.4 percent for 2020. Prime Minister Kyriakos Mitsotakis recently warned of a "deep" recession due to the impact of the Covid-19 pandemic, before a recovery in 2021. His finance minister has predicted a recession of "up to four percent" of GDP. Last week Moody's downgraded its outlook for Greek banks from "positive" to "stable". hec/bh/rma/jah
schema:headline	S&P downgrades Greece outlook on coronavirus fears
schema:mentions	Mediterranean Sea Credit rating Moody's Investors Service Recession Greece Gross domestic product Pandemic Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Economy of Greece European debt crisis Kyriakos Mitsotakis Qiang language Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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