IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact

EconomyMacroeconomy Tags: Coronavirus, Debt, GDP, IMF, Unemployment
Photo via Flickr https://flic.kr/p/7BWNey
Photo via Flickr https://flic.kr/p/7BWNey

The IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertainties.

The Fund joins the list of organisations and investment houses that see the pandemic having a severe effect on the Greek economy, extracting a double-digit toll on economic activity. The forecast on contraction for this year is at -10 pct.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€480.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.