IMF cuts growth forecast for Greek economy in 2017, to 2.2%
The IMF this week slashed its previous projection for Greek GDP growth in 2017, now forecasting a 2.2 percent hike, down from last year’s forecast of 2.8 percent.
In line with its more conservative outlook on the Greek economy, the Fund also warned of “unreasonable forecasts” by European creditors. The forecast for 2018 is 2.7 percent, but will fall to 1 percent by 2022.
The forecasts were included in the Fund’s World Economic Outlook.
You may be interested
Athenians flee capital after free movement allowedmakis - May 14, 2021
Greeks were leaving en-masse from the Attica basin to nearby islands and other destinations on Friday, following the official lifting…
Movement free across GreecePanos - May 14, 2021
Greeks will be allowed to move freely throughout the country from Friday, as the Deputy Minister to the Prime Minister…
Let’s be honest, Turkey cannot join the EU: Manfred WeberPanos - May 14, 2021
“Let us be honest, Turkey cannot join the EU,” said Manfred Weber, the leader of the European Parliament’s People’s Party…