Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
IMF raises outlook on Greek debt sustainability to merely 'uncertain'
Updated privatisation plan seeks to make up for ground lost in 2020
Covid recession bumped pension spending to 18 pct of GDP in 2020
Greece draws another 3 bln from bond markets as debt strategy continues at pace
Greece braces for recession, hopes to bounce back from summer onwards
The extent of the damage that could be inflicted on the Greek economy as a result of the coronavirus impact is becoming clearer by the day, with the Finance Ministry and leading investment houses now expecting Greece to slip into a recession again this year. The only question is how deep the contraction will be.
Speaking on television on Thursday morning, Finance Minister Christos Staikouras admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus. He indicated that these figures would worsen if Covid-19 continues t...
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