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
Syros: Greek tradition & western influence come to a harmonious marriagePanos - Oct 20, 2017
Ermoúpoli (meaning “the city of Hermes”) is the island’s capital town and has been the first important trade and industrial…
Environment may have partially led to the fall of Queen Cleopatra, research suggestsPanos - Oct 20, 2017
Environmental records and historic documents suggest a volcanic eruption could have aided the Romans in victory According to a report…
Greek astronomer in Germany discovers spindle-like galaxiesPanos - Oct 20, 2017
Athanasia Tatsi is another Greek scientist at the forefront of global scientific research this time in the field of Astronomy.…