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Greece extends pandemic support as economy seen rebounding this year

Mount Equity Group Tokyo, Japan > News > Markets > Greece extends pandemic support as economy seen rebounding this year

A general view of a beach during the official reopening of beaches to the public, following the easing of measures against the spread of the coronavirus disease (COVID-19), in Athens, Greece, May 8, 2021. REUTERS/Costas Baltas

ATHENS, Sept 13 (Reuters) – Greece said on Monday it will pump more money into its economy to prop up businesses and households battered by the pandemic, as a stronger-than-expected growth forecast for the year gave it the fiscal leeway for a raft of relief measures.

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, which also hurt its vital tourism industry.

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. read more

Finance Minister Christos Skaikouras on Monday…

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