The Commission publishes macroeconomic forecasts for the EU and its member countries four times a year. The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. Google+, © Copyright: 2020. Industrial output fell 0.2% year-on-year in working-day adjusted terms in July, which was a markedly softer drop than June’s 4.9% contraction. At the same time, exports plummeted 32.1 percent (vs a flat reading percent in Q1), while imports fell at a softer 16.7 percent (vs 4.1 percent in Q1). Greece’s economic freedom score is 59.9, making its economy the 100th freest in the 2020 Index. LinkedIn It should continue at a modest pace next year despite more challenging conditions in the global economy. The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. Publish your articles and forecasts in our website. Press Please authenticate by going to "My account" → "Administration". It was the sharpest contraction since the third quarter of 2015, as the coronavirus pandemic started to hit the economy. The Gross Domestic Product (GDP) in Greece was worth 209.85 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Greece's economy grew by 0.6 percent on quarter in the three months of September 2019, easing from an upwardly revised 1.3 percent expansion in the previous period. … As a percentage of GDP, Greece’s social spending expenditures were 10.3% in 1980, 19.3% in 2000 and 23.5% in 2011, whereas Germany’s … Note that the tables above form our main scenario projections and are therefore subject to considerable uncertainties. The unemployment rate, which had been rising since the outbreak of the crisis in March, dropped in July, while retail sales declined at a softer pace in August, boding well for household consumption. COVID-19 deaths worldwide as of October 30, 2020, by country, COVID-19 cases worldwide as of October 30, 2020, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Oct. 30, 2020, Countries with the highest public debt 2019. Also, government expenditure slowed to 1.5 percent from 1.7 percent. Twitter The statistic depicts Greece's gross domestic product (GDP) growth rate from 2009 to 2019, with projections up until 2021. My Cart The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 49.4 in August to 50.0 in September, marking the highest reading since February. PwC recommends that our clients look at a range of alternative scenarios. Projections for 2022-26 are PwC's medium-term projections. New, Figures and insights about the advertising and media world, Industry Outlook Household consumption slumped 11.3 percent, compared to a 0.9 percent decrease in Q1; and gross capital formation fell 4.5 percent, down from a 1.1 percent rise. We explore the latest trends and issues affecting the UK economy and share our insights on the prospects ahead. The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Growth is set to remain strong in 2018 and 2019, at 2.1% this year and 2% next year in October 27, 2020.

Industrial output fell 3.8% year-on-year in working-day adjusted terms in August, dropping at a significantly faster pace than July’s 0.2% decline and marking the 11th consecutive month of contraction.

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