- OECD sees Greek economy shrinking by 8% in 2020 before rebound
Market news
22 July 2020
OECD sees Greek economy shrinking by 8% in 2020 before rebound
Reuters reports that the Greek economy will shrink by 8.0% this year before it rebounds by 4.5 percent in 2021, the OECD said in a report on Wednesday.
The OECD said the projection of decline in output this year was contingent on no second wave of COVID-19. Should there be a second wave, it said, the forecast decline in 2020 output would reach 9.8 percent.
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