IDEAS home Printed from https://ideas.repec.org/p/lev/levysa/sa_5_20.html
   My bibliography  Save this paper

Greece's Economy after COVID-19

Author

Listed:
  • Dimitri B. Papadimitriou
  • Michalis Nikiforos
  • Gennaro Zezza

Abstract

Greece's fragile economic recovery was halted by the COVID-19 pandemic: GDP, employment, exports, and investment are expected to record significantly negative trends. While some projections for GDP growth show a quick V-shaped recovery beginning in 2021, this is rather improbable given the Greek economy's structural inefficiencies. This strategic analysis explores the consequences of various assumptions about the fall in the different sources of aggregate demand in order to produce a baseline projection for the Greek economy. A more optimistic scenario is also analyzed, in which the European Commission's recently announced Recovery Fund materializes, allowing the government to increase public consumption as well as investment through EU grants and loans. The authors recommend additional measures to alleviate the impact of the shock and help put Greece’s economy back on track when the epidemic has died out.

Suggested Citation

  • Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza, 2020. "Greece's Economy after COVID-19," Economics Strategic Analysis Archive sa_5_20, Levy Economics Institute.
    • Handle: RePEc:lev:levysa:sa_5_20
    as

    Download full text from publisher

    File URL: http://www.levyinstitute.org/pubs/sa_may_20.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michalis Nikiforos, 2020. "Crisis, Austerity, and Fiscal Expenditure in Greece: Recent Experience and Future Prospects in the Post-COVID-19 Era," Economics Public Policy Brief Archive ppb_151, Levy Economics Institute.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dennis Pepple & Kehinde Olowookere, 2021. "Towards an Understanding of the Dynamics of Work and Employment Relations during Austerity," Public Organization Review, Springer, vol. 21(2), pages 281-297, June.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lev:levysa:sa_5_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Elizabeth Dunn (email available below). General contact details of provider: http://www.levyinstitute.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.