EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021

Finance Ministry grapples with escalating cost of pandemic 10/02/2021 - 14:18
Pandemic drove 28.4 bln of bank loans into moratorium last year 04/02/2021 - 11:23
Fitch keeps Greece at 'BB' rating as risks remain on horizon 25/01/2021 - 11:28
PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021 28/12/2020 - 09:21
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021 15/12/2020 - 09:46
Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead 09/11/2020 - 09:56

EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021

Economy 06/05/2020 - 14:16 Tags: Coronavirus, Debt, EC, GDP

The European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession of historic proportions this year.”

Euro area GDP is seen falling by 7.75 pct in 2020 and grow by 6.25 pct next year. The EU economy is expected contract by 7.5 pct and grow by 6 pct in 2021.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€480.00

Free Mobile Apps

Update to the latest version of the MacroPolis Apps. Access all of our daily analysis, as well as our weekly e-newsletters, at your fingertips.

Tweets by @MacroPolis_gr

You have to in order to view this content.

Most Popular

PM aims to press ahead with reform agenda in face of scandals and pandemic 23/02/2021 - 13:10
Challenges piling up for govt as spokesperson departs 01/03/2021 - 12:33
Starkly different solutions presented as govt nears lockdown decision point 02/03/2021 - 13:42
In 9th post-bailout review, EC sees reforms slowing due to pandemic 24/02/2021 - 14:32

Greek #MeToo claims snowball amid accusations of political cover-up 18/02/2021 - 14:06
Public sector staff trends survive MoU exit, change of government 09/02/2021 - 12:27
Impending lockdown decision highlights cabinet tensions, casts unflattering spotlight on experts 09/02/2021 - 14:14
PM aims to press ahead with reform agenda in face of scandals and pandemic 23/02/2021 - 13:10

OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP 31/03/2020 - 14:21
The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals 13/07/2020 - 11:27
Greece persistently bottom of the list for EU gender equality 18/11/2020 - 12:34
The "great replacement" comes to Greece - how a far-right meme appeared in mainstream politics 21/02/2020 - 14:27

In 9th post-bailout review, EC sees reforms slowing due to pandemic 24/02/2021 - 14:32
Travel balance falls by 97.3 pct in December, 76.5 pct in 2020 23/02/2021 - 15:19
Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer 24/02/2021 - 13:51
Current account deficit hits €11.2 bln in 2020 after tourism collapse 22/02/2021 - 13:01
Hellenic Petroleum sees delays in DEPA privatisation due to Covid 01/03/2021 - 13:51

Government rolls out red carpet to lure private wealth to Greece 17/02/2021 - 14:29
In 9th post-bailout review, EC sees reforms slowing due to pandemic 24/02/2021 - 14:32
Hercules nears end of its first cycle with National Bank's participation 02/02/2021 - 15:17
Current account deficit hits €11.2 bln in 2020 after tourism collapse 22/02/2021 - 13:01

OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP 31/03/2020 - 14:21
The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Greek housing market at new juncture as Covid-19 shakes foundations 28/09/2020 - 11:29
Greece grapples with second Covid-19 wave as cases soar 24/08/2020 - 15:00
Greece braces for recession, hopes to bounce back from summer onwards 27/03/2020 - 12:45