Figures released today by Greece’s statistics authority (EL.STAT) show the pandemic-generated recession in 2020 at 8.2 percent, with Q4 recording a shrinkage of 7.9 percent.
While economic downturn was disappointing, it nevertheless was less harsh than what both the Greek government and European institutions had forecast – but still amongst the worst performances in the Euro zone.
In absolute terms, Greece’s GDP in 2020 fell to 168.5 billion euros, down from 183.6 in 2019.
