EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021

EconomyMacroeconomy Tags: EC, GDP

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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