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

S&P holds off on new rating upgrade, ECB holds key to investment grade 9 hours ago
Some key tasks pending as Greece edges closer to completing post-programme process 23/09/2021 - 11:59
PBO highlights exceptional factors supporting recovery, cautions against complacency 22/09/2021 - 09:59
Govt grabs opportunity offered by escape clause to entice voters with support package 13/09/2021 - 12:34
Recovery in car sales slows to 2.7 pct in August 09/09/2021 - 13:35
Rise of property prices continues with 4.6 pct increase in Q2 09/09/2021 - 12:40

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: Covid, 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

Athens sees many benefits in renewal of defence cooperation with Washington 15/10/2021 - 10:11
ND continues to lead polls amid economic worries, while former PM mulls return to frontline politics 19/10/2021 - 14:03
Papandreou joins KINAL leadership race amid questions about long term 21/10/2021 - 14:03
Leaders joust over Covid policy as death toll rises but public interest wanes 18/10/2021 - 16:05
Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln 18/10/2021 - 11:05

PM presents warship, mutual defence deal with France as game changer 28/09/2021 - 15:06
Athens sees many benefits in renewal of defence cooperation with Washington 15/10/2021 - 10:11
Draft 2022 budget represents first attempt to restore post-pandemic fiscal order 06/10/2021 - 11:23
Athens sees multiple defence, geopolitical benefits in pact with France 29/09/2021 - 12:36
Ousting of govt MP brings to fore leadership unease, angst over far right 06/10/2021 - 14:04

Politicians have commissioned, and largely ignored, multiple reports on wildfires 09/08/2021 - 13:13
Greece persistently bottom of the list for EU gender equality 18/11/2020 - 12:34
RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece 24/11/2020 - 13:35
Greek #MeToo claims snowball amid accusations of political cover-up 18/02/2021 - 14:06
PM removes under-fire ministers from posts in late-summer reshuffle 31/08/2021 - 13:24

Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln 18/10/2021 - 11:05
Industrial turnover jumps 31.6 pct in Aug as strong recovery is boosted by business abroad 20/10/2021 - 12:58
More lost ground made up in Aug as travel surplus nears 3 bln 22/10/2021 - 15:11
Current account surplus at 1.41 bln in Aug on back of improving travel receipts 21/10/2021 - 12:25
Unemployment falls below 14 pct for first time since Oct 2010 13/10/2021 - 13:04

Draft 2022 budget represents first attempt to restore post-pandemic fiscal order 06/10/2021 - 11:23
FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers 04/10/2021 - 15:11
Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP 05/10/2021 - 12:03
Unemployment falls below 14 pct for first time since Oct 2010 13/10/2021 - 13:04
Economic sentiment drops off in Sept as consumer confidence falls for fourth month 29/09/2021 - 12:54

PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy 31/03/2021 - 15:42
Many obstacles to clear in Greece's digital leap 25/11/2020 - 13:21
The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Post-Covid era dawns on new landscape for bad debt in Greece 24/06/2021 - 16:02
Govt grabs opportunity offered by escape clause to entice voters with support package 13/09/2021 - 12:34