Greece tells EU its economy is being mauled by the coronavirus pandemic this year

GORAN TOMASEVIC/Reuters

“The coronavirus outbreak has imposed a burden on the Greek economy as on the rest of the world economy, reversing the initial favourable short-term forecast,” the Finance Ministry said. The baseline projection for a 4.7-per-cent contraction takes into account the impact of policy response measures and assumes that the public health crisis fades in the second half of 2020.

Either way, the primary budget balance, which excludes debt servicing outlays, will be in the red, according to the ministry projections - - with a deficit of 1.9 per cent under the baseline assumptions and a 2.8-per-cent hole under the adverse scenario.

globebusiness HERE WE GO AGAIN!!!

globebusiness Heh.

globebusiness Greece had an economy?

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Let’s not kick the homeless back to the curb when the coronavirus pandemic is overEven though housing is a basic human right, social housing has not been a wildly popular investment for federal governments 1/3 rd of the country might well be homeless after this CV19 hysteria ends. Perhaps writer should google 'global economic depression'. These homeless might well be our new neighbors😱😨 We have to... We have more immigration coming. Liberal logic Canada doesn’t have a homeless problem It has an exploitation problem The country has plenty of housing and the financial aid available to get those in need into it.
Source: globeandmail - 🏆 5. / 92 Read more »