General govt primary cash deficit at 720 mln in January, as social security funds start year in deficit
GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
PMI dips to 49.4 points in February as cost burdens pile up
Retail turnover drops by 12.3 pct and volume by 11 pct in December
Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
Credit growth in January rises to 3.7 pct even as flow turns negative
EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
Within the context of its Winter Forecasts, the European Commission gave on Thursday an updated outlook on the performance of EU economies, which suggest Greece suffering a deeper recession last year and slower growth for 2021.
Following the reintroduction of restrictions in the last quarter of last year, which happened just after the autumn forecast were published and as such not included in the estimates, Greek GDP is seen falling by 10 pct in 2020. This would be the second-...
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