EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
Trade deficit falls by 47.7 pct in May
Employment balance positive by 37,568 in June, reflecting uptick in seasonal hires
Overdue social security contributions rise to 36.32 bln in Q1
General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
Overall loan interest rate drops to 4.23 pct in May
IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
A day after the publication of its World Economic Outlook (WEO), the IMF released on Wednesday its Fiscal Monitor, which provided its updated fiscal estimates.
Unlike the downward revision of its macro forecasts on Greece, the IMF upgraded its fiscal projections, which assume full implementation of the fiscal policy package included in the third eurozone bailout programme.
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