The International Monetary Fund forecasts the Greek dent will soar to 200.8% of GDP, while the primary deficit will be 5.1% (instead of a surplus of 3.5% of GDP) in its forecast. The IMF also says the budget deficit will reach 9% of GDP for the country.

The IMF estimates that the effects of the coronavirus crisis on the Greek economy will be devastating due to the hard impact on tourism.

After almost a decade, the world’s lender of last resort is ready to leave Greece for good.