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, naftemporiki.gr reports.
According to numbers 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 roughly 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.
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