April 25, 2020 / 7:22 AM / a month ago

Greek economy is expected to shrink by 5-10% this year - finance minister

ATHENS, April 25 (Reuters) - Greece is expected to see its economy shrinking by 5-10% this year as a result of the coronavirus-prompted restrictions, its finance minister said on Saturday.

“It seems we have been settling at a range of between 5 and 10 percentage points,” Finance Minister Christos Staikouras told Open television station, adding that estimates are changing constantly.

Greece has extended lockdown measures by a week until May 4 and is expected to ease restrictions slowly after that date. (Reporting by Angeliki Koutantou)

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