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- Greece extends pandemic support as economy seen rebounding this year
Greece extends pandemic support as economy seen rebounding this year
Reuters reports that Greece said it will pump more money into its economy to prop up businesses and households battered by the pandemic.
Greece emerged from a decade-long financial crisis in 2018 but saw its economy slump again by 8.2% last year amid restrictions to curb the spread of COVID-19.
This year, the economy is set to rebound by 5.9%, higher than the 3.6% previously forecast, Prime Minister Kyriakos Mitsotakis said on Saturday, as he outlined a series of tax relief measures.
Finance Minister Christos Skaikouras on Monday said that projection was "absolutely realistic. It may even prove to be conservative".
The government would spend 4.4 billion euros in the second half of the year, bringing the total amount of pandemic support for 2020-2022 to 42.7 billion euros, Staikouras said.
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