Greece: 2021 Article IV Consultation-Press Release; and Staff Report

Publication Date:

July 16, 2021

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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:

Frequency:

regular

English

Publication Date:

July 16, 2021

ISBN/ISSN:

9781513587837/1934-7685

Stock No:

1GRCEA2021001

Pages:

94

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