Parliament report sees greater economic uncertainty, risk from second wave of pandemic

The negative repercussions of the pandemic remain manageable in the short-term but the second wave of the pandemic intensifies the uncertainty and medium-term risks for the economy, the Parliament's Budget Office said in a report released on Tuesday.

In the medium-term, positive economic prospects are based on encouraging news over the development of a vaccine and on available funds from the New Generation EU recovery fund, which are expected to be distributed to new investments and to a significant increase in the country's real GDP in the period 2021-2016, the report said.

It also specially mentioned the recently released final report of a "Development Plan for the Greek Economy" and said that "most recommendations have a significant economic and political cost and their implementation requires a significant level of political and social consensus. Therefore,...