Greek statistics authority: Pandemic-battered economy shrinks by 8.2% in 2020

Friday, 05 March 2021 13:45
UPD:13:46
Eurokinissi/ΒΑΣΙΛΗΣ ΡΕΜΠΑΠΗΣ
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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.

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