Greece to suffer 9.7% recession in 2020, but record a 7.9% recovery in 2021: EC spring forecast

It is the biggest growth contraction in the EU

The European Commission’s 2020 spring forecasts project a 9.7% recession for the Greek economy for 2020, the largest in the whole of the EU.

The forecast, however, predicts the Greek economy will make the strongest recovery out of the EU as it estimates it will bounce back in 2021 with +7.9% growth.

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