Greece’s economy shrinks 9% in 2020

Last year, the Greek economy contracted 9%, higher than the March forecast of 8.2%. According to data Statistical Office of Greece, the country’s GDP fell to 167.077 billion euros from 183.640 billion euros in 2019. In particular, final consumption spending fell 5.5% (household consumption fell 8% and general government consumption rose 2.6%), compared with a […]

Greece’s budget deficit in January-April turned out to be larger than planned

The Greek government reported a larger-than-expected primary budget deficit of € 6.21 billion in the first four months of the year, due to lower tax revenues, finance ministry data showed on Monday. The government is targeting a primary budget deficit, which does not include debt service costs, of € 5.24 billion for the January-April period. […]

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