RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln
Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
Growth in building activity decelerates to 17.6 pct in June after post-lockdown boom
Industrial production rises 7.8 pct in Jul to continue recovery since late 2020
CPI up by 1.9 pct in Aug for highest reading in almost a decade
MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid
The Finance Ministry submitted to Parliament the latest Medium-Term Fiscal Strategy (MTFS) for the 2022-2025 period, during which a strong economic and fiscal recovery is anticipated following the damage inflicted by the pandemic.
The MTFS also outlines the extent of the fiscal cost the pandemic had on the Greek budget, with a total of 33 billion euros of support committed in 2020 and 2021 - 17.4 billion and 15.6 billion euros respectively.
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