Commission Revises Greece Growth Forecast Upward

By admin 12 Μαΐου 2021 No comment

Photo Source: Visit Greece / Y. Skoulas The European Commission revised upward on Wednesday its forecast for Greek GDP growth to 4.1 percent in 2021 and 6 percent in 2022 making a modestly higher estimate compared to its February predictions of 3.5 percent in 2021 and 5 percent in 2022. Employment support measures are expected […]

Commission: Lockdowns to Weigh on Greek Economy

By admin 12 Φεβρουαρίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Hellenic Parliament, Athens. Photo Source: GTP Continuous measures to address Covid-19 are expected to weigh on Greece’s recovery, said the European Commission this week, forecasting real GDP growth by 3.5 percent in 2021, before rising to 5 percent in 2022. For 2020, the Commission estimates Greece’s real GDP to be down by 10 percent. More […]

EU: Covid-19 Blow to Greek Economy Milder than Expected

By admin 9 Ιουλίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

Economic forecast map. Source: European Commission The European Commission revised its outlook for the Greek economy on Tuesday, saying prospects for 2020 in the aftermath of Covid-19 were milder than initially expected. Greece GDP is set to contract by 9 percent this year compared to 9.75 percent as initially projected in the Commission’s previous forecast […]

Covid-19 to Hurt Greece the Most in the EU

By admin 6 Μαΐου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

Greece’s economy this year is expected to be hit severely by the Covid-19 pandemic and the counter measures taken to limit its spread, according to the European Commission’s Spring 2020 Economic Forecast released on Wednesday. The forecast gives a discouraging picture for Greece in 2020, as it says the country’s GDP is expected to contract […]