Economic impact of the COVID-19 pandemic in the United States

The Greek stock market closed in the red, but far from the day’s lows, in a session marked by strong import pressure. The “breach” of 1,430 points proved to be temporary, with sellers gradually “downshifting” and eventually calmness prevailed on the board.

The Greek stock market is tuning in to the upward trends of the international markets today (27/8). The next milestone is 1,440 points and the target -attainable for now- is to break through it, in case the positive momentum is maintained for a second consecutive session.

European stocks added to their gains Thursday, encouraged by data on US retail sales in July, which fended off worries about a recession in the world's largest economy. 

The pan-European STOXX 600 index gained 1.15%, a near-15-day high, reversing its downward trend.

Uncontrollable “bleeding” in global markets, with Athens recording one of the largest percentage drops compared to other European stock exchanges. Most of this year’s gains were lost, with trading volume at high levels due to mass sell-offs.

European shares fell sharply at the start of the session on Monday as global volatility continued amid concerns of a looming US recession.

The Commission emphasizes the positive prospects of the economy in its report on the conclusion of the 13th evaluation, while it sees the rise in energy prices as a source of uncertainty. It emphasizes, among other things, that Greece has recovered quickly from the pandemic and the prospects remain strong, although they are subject to high uncertainty.

Real GDP in Greece grew by 2.7% (quarter-on-quarter) in 2021-Q3, reflecting strong export performance and a significant contribution from private consumption. The notable recovery in tourist inflows over the summer