ECONOMY

Central bank: Greek economy to contract 11% percent in 2020

central-bank-greek-economy-to-contract-11-percent-in-2020

Greece’s economy will contract by 11 % in the worse case scenario in 2020, the country’s Central Bank said on Monday, revising upwards the impact of the coronavirus pandemic on the country.

In a bi-annual report, it said it expected the economy to recover with growth of 3.2 % in 2021.

[Reuters]