Trade deficit falls by 10.3 pct in June
CPI falls by 1.8 pct YoY in July
Industrial production down by 4.9 pct YoY in May but picks up from previous month
Unemployment rate jumps to 17 pct in May
General govt primary cash deficit at 5.48 bln in June as tax revenues fall
New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
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.
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