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Greek economy to contract 11% percent in 2020-CenBank - Metro US

Greek economy to contract 11% percent in 2020-CenBank

People make their way outside the headquarters of Bank of Greece in Athens

ATHENS (Reuters) – Greece’s economy will contract by 11 % in the worse case scenario in 2020, the country’s Central Bank said on Monday, revising upwards the impact of the coronavirus pandemic on the country.

In a bi-annual report, it said it expected the economy to recover with growth of 3.2 % in 2021.

(Reporting By Angeliki Koutantou)

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