Athens starts MTFS process with baseline scenario that sees growth slowing down

Economy Tags: GDP, MoF, Unemployment
Photo by MacroPolis
Photo by MacroPolis

The regular cycle for the preparation of Greece’s Medium-Term Fiscal Strategy (MTFS) for the 2020–2023 period began on Friday with a memo that was issued by the Alternate Finance Minister Giorgos Houliarakis to all the ministries involved in the process.

The document includes the main macroeconomic assumptions for all the elements that will drive economic activity over the next five years. The assumptions remain broadly unchanged from last year’s process, which ran up to 2022.

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