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
Deposits drop by EU1.21 bln in January, first decline in a year
IMF expects difficult year for public finances, PBO highlights impact on labour force
The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook that was published on Tuesday.
The Fund sees Greece running a fiscal deficit of 9 pct of GDP this year, followed by a deficit of 7.9 pct of GDP in 2021. After five years of successive primary surpluses, the balance will turn negative this year and next: -5.1 pct of GDP in 2020 and -4...
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