Greece braces for deeper Covid-19 impact on economy, budget and public debt

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Greece braces for deeper Covid-19 impact on economy, budget and public debt

Economy 13/04/2020 - 11:56 Tags: Budget, Covid, Debt

The Finance Ministry is gradually accepting that the impact of Covid-19 in Greece will exact a heavy toll on the economy and the budget, with implications for the country’s public debt.

Earlier estimates by the authorities that the situation could be contained within the second quarter of the year with a manageable level of economic contraction in the region of 4 pct seem to have been quickly abandoned. It is becoming increasingly appa...

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