Greece: 2021 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
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Summary:
Greece entered the pandemic with an unfinished recovery, but the country has demonstrated resilience in facing COVID-19. The economy contracted by 8.2 percent in 2020, better than expected given Greece’s high dependence on tourism and pre-existing vulnerabilities. The government provided among the largest on-budget fiscal stimuli in the euro zone and supervisory and ECB accommodation shielded the banking sector and kept financing conditions highly accommodative. Despite the pandemic, reforms progressed in a number of areas, albeit at a slower pace than in recent years.
Series:
Country Report No. 2021/154
Subject:
COVID-19 Financial institutions Fiscal policy Health International organization Loans Monetary policy Public debt Revenue administration Tax administration core functions
Frequency:
regular
English
Publication Date:
July 16, 2021
ISBN/ISSN:
9781513587837/1934-7685
Stock No:
1GRCEA2021001
Pages:
94
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