Greece's finance minister: "Greek economy is expected to shrink by 5-10% this year"

Greece's finance minister: "Greek economy is expected to shrink by 5-10% this year"
  • Clock-gray 13:46
  • calendar-gray 25 April 2020

Greece is expected to see its economy shrinking by 5-10% this year as a result of the coronavirus-prompted restrictions, its finance minister said on Saturday, APA reports citing Reuters.

“It seems we have been settling at a range of between 5 and 10 percentage points,” Finance Minister Christos Staikouras told Open television station, adding that estimates are changing constantly.

Greece has extended lockdown measures by a week until May 4 and is expected to ease restrictions slowly after that date.

apa-logo-mini

Other news