IMF forecasts Greek debt to soar to over 200% of GDP
- Written by E.Tsiliopoulos
Featured
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.
In the most recent Fiscal Monitor report it published (after the World Economic Outlook yesterday) the IMF estimates that the global budget deficit will jump from 3.7% to 9.9%.
Compared to 2019, public debt in Greece is projected to increase by almost 21 points, from 179.2% of GDP last year to 200.8% in 2020, with declining trends predicted at 194.8% of GDP in 2021.
Tagged under
Related items
-
Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
-
Esteemed actor Angelos Antonopoulos dies at 94
-
Naval Group's new contracts with Greek companies for the Belharra frigates
-
Delos is sinking by one centimeter per year – The optimistic and the adverse scenario
-
Naxos: Lauded by foreign media as an ideal travel spot
Latest from E.Tsiliopoulos
- Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
- Esteemed actor Angelos Antonopoulos dies at 94
- Naval Group's new contracts with Greek companies for the Belharra frigates
- Delos is sinking by one centimeter per year – The optimistic and the adverse scenario
- Naxos: Lauded by foreign media as an ideal travel spot