![]() (2) On 9 July 2019 and on 20 July 2020, the Council addressed recommendations to Greece in the context of the European Semester. ![]() Longer-standing aspects with an impact on medium-term economic performance include in particular the high level of long-term unemployment, low productivity growth due to a concentration of economic activity in traditional and low-innovation sectors moreover, high regulatory burdens, red tape and a slow and inefficient justice system hamper private investments. According to the Commission’s 2021 Spring forecast, the real GDP of Greece declined by 8,2 % in 2020 and is expected to decline by 4,5 % cumulatively in 20. (1) The COVID-19 outbreak has had a disruptive impact on the economy of Greece In 2019, the gross domestic product per capita in current prices (GDP per capita) of Greece was 55 % of the EU average. Having regard to the proposal from the European Commission, Having regard to Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility 1 and in particular Article 20 thereof, ![]() Having regard to the Treaty on the Functioning of the European Union, On the approval of the assessment of the recovery and resilience plan for Greece
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