Eurobank: Greek economy showed resilience in face of pandemic’s ‘third wave’

The Greek economy showed resilience during the perceived “third wave” of the Covid-19 pandemic, according to the most recent weekly economic bulletin issued by Greek lender Eurobank.

Nevertheless, a forecast included in the bulletin notes that Greek GDP in Q1 2021 will not post growth, but will, instead, show a major downturn compared with the corresponding quarter of 2020 – the trimester preceding the pandemic-devastated second quarter of 2020.

Citing figures released by Greece’s statistics authority (EL.STAT), the Eurobank bulletin states that GDP in Greece for Q4 2020 increased, on a three-month basis, by 2.7 percent, and with the carry over effect being recorded at -0.2 percentage points.