GREECE: Well positioned to deal with economic recession

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Prime Minister Kyriakos Mitsotakis stands in a strong position after he dealt successfully with the coronavirus outbreak. Less than 200 people have died, and the country prepares to open to tourists from 1 July.
Economically, things are more challenging for the center-right New Democracy (ND) government as real GDP growth moved into negative territory in Q1 and there are concerns that a decimated tourism season will be the main driver of a deep recession.
However, robust economic support from European institutions and, critically, overall political stability provide Greece with a unique opportunity to register a faster-than-expected recovery.