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IMF: Greek debt sustainable despite pandemic-linked spike - Black News Channel

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By Associated Press Undefined ATHENS, Greece (AP) — The International Monetary Fund said Monday that Greece's huge public debt remains sustainable in the medium term despite 'unprecedented uncertainty' to all sectors of the economy because of the pandemic. Following completion of a new round of monitoring discussions with Athens, the IMF said Greece's economy is expected to contract 9.5% this year before expanding 5.7% in 2021. The public debt will reach a record high 208% of gross domestic product this year before decreasing to 199% in 2021 — compared to an already high 181% in 2019. The IMF, together with […]

The post IMF: Greek debt sustainable despite pandemic-linked spike appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
This Black Fact was brought to you by Prospanica Boston Professional Chapter

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