IMF forecast: Greece to return to primary surpluses from 2022
The IMF expects the country’s primary deficit to reach 6.0 pct of GDP this year and the GDP to contract by 9.5 pct, pushing the Greek public debt to 205 pct of GDP in 2020
Greece will return to primary surpluses from 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said its Fiscal Monitor report released on Wednesday, ANA reports.
The IMF based its 2020 forecasts on the belief that political interventions to manage the pandemic have led to a simultaneous drop in public revenue and a jump in public spending in the country.