ENGLISH EDITION
Greek economy to shrink by 4.7% in 2020 due to the pandemic
According to the ministry, the Greek economy suffers a triple shock: one temporary but very strong shock in supply. A lockdown reduces production of goods and services, along with incomes of producers and labour force, a very strong shock in demand as a lockdown reduces consumption and third a very strong shock of uncertainty since both the duration and intensity of the phenomenon were unknown.
