-
Travel balance falls by 70.9 pct in September as 12.6 bln in receipts vanish in aggregate
-
Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
-
Current account shows deficit of 498.8 mln in September on declining services and oil receipts
-
Industrial turnover drops by 10.7 pct in September on decline in petroleum products
-
Central government debt increases by 1.99 bln to 364.86 bln in Q3
-
Primary cash balance at deficit of 9.04 bln in October
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