Coronaios: Can the economy withstand a second lockdown?



At a time when the second wave of the pandemic is in progress and the coronavirus is constantly spreading, the government has taken restrictive measures. It may be a primary task to protect public health, but a second lockdown will have a high financial cost, deepening the recession but The financial staff got a taste when they got the data on the cost of the lockdown in the economy in the two months March – April 2020, as almost 9 billion euros were evaporated from the projected turnover of The Ministry of Finance states that a new lockdown will be unbearable for the real economy, however, they assure that if this is deemed necessary for the protection of public health, the country’s cash resources will be sufficient to cover the cost of interventions. .If the situation has not stabilized the government is called to take decisions aimed at n In his speech, the Prime Minister, Kyriakos Mitsotakis, explained that he does not resort to a universal lockdown to keep the economy alive, explaining characteristically: “Our goal remains not the absolute suspension of our activities, but the local reduction of the risks that threaten them. To continue, that is, the rhythms of our lives but based on the rules indicated by experts. Making small concessions to protect the great good of health… these have limited costs for the economy “. “As the Prime Minister said in his message to the citizens, it is not his choice”. The aim of the measures taken is to have the mildest possible impact on daily life and economic activity. “Exorcise” a second lockdownEveryone exorcises a second lockdown in Attica A 20-day “padlock” in the Basin is estimated to cost 1% -2% of GDP, adjusting the forecast for a recession of 8.2% for this year, according to the draft budget for 2021. Already There are fears of a bigger recession this year due to the coronavirus. The IOBE forecasts for 2020 are also dramatic, as it speaks of a strong recession due to the unprecedented effects of the pandemic. In the summer, as well as the lockdown in the spring in entrepreneurship, especially in the provision of final services, employment and investment, are the most decisive factors of economic activity this year. Maravegias, regarding the effects of the pandemic on the economy, but also what to expect from now on. “As things unfold, it seems that the pandemic came with a second wave that we might not have imagined would be so intense. This concerns the whole of Europe and the whole world. This means that the recession predicted by international organizations and the Greek Ministry of Finance is likely to be greater than we had anticipated. “The recession was around 8-8.5%, with a probability of going to 9 or 10. This means thousands of jobs lost, incomes lost mainly in the catering sector”, Mr. Maravegias noted. “All these restrictions that According to international organizations, a month of generalized lockdown – according to international organizations – means a 2.5-3% recession and a loss of 5-6 billion euros. “You understand that the Greek government is rightly trying to avoid it,” he added. “Unfortunately, such a serious wave of pandemics was not expected. The measures we are taking will obviously have significant financial implications. We will have a further contraction of the economy, I hope not great. For 2021, the government is talking about an increase compared to the previous year of 7%. This is a very optimistic prediction and we hope it will come true. The international organizations, however, show that the growth that we will have next year if things go well will be around 5% “, concluded Mr. Maravegias. In the” Tartars “tourismThe vertical decline of the tourist sizes of Greece this season According to the statistical bulletin of the Institute of the Association of Greek Tourist Enterprises, in the period January – September 2020, 13.8 million fewer air arrivals were recorded compared to last year, when they had reached 18.8 million arrivals. This year, they amounted to just 5 million international air arrivals and recorded a decrease of 73.4%. At the same time, travel receipts in the period January-August 2020 showed a decrease of 79.7% compared to the corresponding period of 2019 and amounted to 2.684 billion euros. As it is emphasized, this development is due to the decline in receipts from residents of its countries EU-27 by 75.5%, which amounted to 1.749 billion euros, as well as revenues from residents of non-EU-27 countries by 83.8%, which amounted to 932 million euros. Follow it on Google News and be the first to know all the newsSee all the latest News from Greece and the World, at



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