File photo: Το έμβλημα του Διεθνούς Νομισματικού Ταμείου File photo: amna_news
The Greek economy will contract in 2020 but will return to positive growth rates in 2021, the International Monetary Fund said in a report on Tuesday.
The IMF, in its World Economic Outlook report, said that the Greek economy was expected to contract by 9.5 pct this year and to grow by 4.1 pct in 2021.
The Fund expects that the country’s current account deficit will reach 7.7 pct of GDP in 2020, easing to 4.5 pct of GDP in 2021. The unemployment rate is projected to reach 19.9 pct of the workforce in 2020 and to ease to 18.3 pct next year, while the inflation rate will remain in negative territory, at -0.6 pct this year, returning to positive course in 2021 (0.7 pct).
Source: ANA – MPA