Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline

Economy Tags: Budget, Coronavirus, Debt, GDP
Photo by MacroPolis
Photo by MacroPolis

The Greek Finance Ministry published on Sunday night the Stability Programme for 2020 that it submitted to the European Commission, providing the first official assessment of the economic impact the government expects to see from Covid 19 this year, as well as the notable recovery expected next year.

Under normal circumstances, the plan would cover the 2020-2023 period, but this year due to the pandemic impact will cover 2020 and 2021 per the European Commission’s guidance.

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