The current pandemic-induced recession has reportedly taken a significant toll on business profits in Greece, essentially evaporating whatever benefits from a modest economic recovery between 2017 and 2019.
By S. Emmanuil
[email protected]
The current pandemic-induced recession has reportedly taken a significant toll on business profits in Greece, essentially evaporating whatever benefits from a modest economic recovery between 2017 and 2019.
According to figures compiled by the ICAP Group, as part of the edition "Greece in Figures 2021", Greek businesses as a whole improved results in 2019 for a fifth consecutive year.
For 2019, at least, on a sample of nearly 21,400 balance sheets - excluding banks and insurance companies - turnover increased, as a whole, by 4.2 percent, or 161 billion euros in absolute terms.