-
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
IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
The IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertainties.
The Fund joins the list of organisations and investment houses that see the pandemic having a severe effect on the Greek economy, extracting a double-digit toll on economic activity. The forecast on contraction for this year is at -10 pct.
You need a subscription to access our analysis. Please choose one of the packages available.
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