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

Economy Tags: Budget, Coronavirus, Debt
Photo by MacroPolis
Photo by MacroPolis

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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