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
EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
The European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May.
Nevertheless, Greece is expected to experience a sharp contraction of 9 pct in 2020, from 9.7 pct in the spring estimates. This moves the country from the worst-hit economy this year behind Italy, which is now forecast to contract by 11.2 pct is leading...
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