Image default
Greek News

ELSTAT data shows moderate effect of Covid-19 crisis on Greek economy

The impact of the coronavirus pandemic on the Greek economy appears to have been less than initially feared, as official data released by the Hellenic Statistical Authority (ELSTAT) showed only a 0.9% recession on GDP in the first quarter of the year.

The figure seems to affirm the government’s forecasts of an economic slowdown below 8% this year, instead of the 10% and above provided by international organisations so far.

In relation to the previous quarter, however (two quarters of 2020), the drop is 1.6%, according to the seasonally adjusted data of ELSTAT.

As stated in the announcement of ELSTAT, “the data for the first quarter of 2020 reflect the effects on GDP of the COVID-19 pandemic, mainly from mid-March 2020 onwards, when the restrictive measures came into force.”

also read 

Konnie Metaxa’s hot appearance on Greek TV (photos)

Bulgaria opens borders to 29 countries, including Greece

The recession in the Eurozone is 3.2%, in Germany 2.3%, in Portugal 2.4%, in Spain 4.1%, in Italy 4.8% and in France 5.4%. %.

Commenting on the data, Finance Minister Christos Staikouras said in a statement that “this proves that the economic plan of the New Democracy Government and its implementation is in the right direction.”

Σχετικα αρθρα

Old vehicle owners to be burdened with higher registration fees from 2021

admin

The Tax Havens Attracting the Most Foreign Profits (infographic)

admin

Russia surprises Cyprus with move to scrap tax deal

admin

Global Coronavirus Stimulus Packages Compared (infographic)

admin

Draghi: Greece to be in QE if progress continues

admin

Greek products excluded from revised US tariffs list against EU

admin

Over a quarter million people visited the 84th TIF in Thessaloniki

admin

COVID-19 crisis threatens to double Turkey’s unemployed

admin

Tourism Minister from Paris: French investors strongly interested in Greek energy sector

admin

Turkey’s economy similar to before 2001 financial crash: Ex-central bank governor

admin

Turkish tourism collapses under the pressure of the coronavirus impact

admin

Changes in internet, credit, debit & pre-paid card transaction

admin

500 Spain hotels ‘to close immediately’ after Thomas Cook fall

admin

Greek FinMin presents third package of economic support measures

admin

iPhone XR sold 46.3 million units in 2019

admin

Greece looks to France for post-bailout investment drive

admin

Primary budget surplus over double the forecast for 10-month term

admin

The industries affected most by fake products (infographic)

admin