PMI rises to 41.1 points in May but manufacturer pessimism persists
Deposits rise by 1.43 bln in April
Credit growth in April marks first two successive months of expansion since 2010
Retail sales down by 1.5 pct in March for first fall in seven months
Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
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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