"The bleak outlook applies to advanced and developing economies alike"
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Erdogan’s stimulus package -called the “economic stability shield”- has failed to satisfy the business community and workers alike
The report is expected to focus on the mountain of non-performing loans (NPLs) sitting on the books of Greek banks
...but must be ready then to repay the same amount of loans it took from the Eurozone fund
Mitsotakis: “We look forward to a whole new chapter in our relationship, a relationship of positive cooperation”
This repayment strengthens the country's credibility
The European Commission is expected to cite areas in which reforms need to be carried out at a faster pace
The move allows Athens to reduce its debt servicing costs
In terms of GDP, in fact, the decline will be very large as the rate is 181,1% from its historical high of 2018 and is expected to fall to 173,3% in 2019
"The country is currently dealing with the results of several problems stemming from the public and the administration"