IMF revised GDP figure for Greece reaches 1.8% for 2017; 2.6% for 2018

11 October 2017
240 Views

The IMF issued a revised forecast of 1.8 percent for Greek GDP this year, ahead of next week’s autumn meetings in Washington D.C.

The Fund’s forecast for 2018 is 2.6 percent.
Additionally, the IMF forecast that the annual inflation rate will reach 1.2 percent this year; 1.3 percent in 2018.

Nevertheless, its forecast for unemployment is the only figure that is worse than the one predicted by the Greek government, standing at 22.3 percent for 2017 but easing to 20.7 percent in 2018.

Finally, for 2022 – the last year of a high fiscal target of 3.5 percent primary budget surplus as a percentage of GDP – the Fund predicts a very meager 1 percent growth.

You may be interested

The most corrupt countries in the world
WORLD
shares34 views
WORLD
shares34 views

The most corrupt countries in the world

makis - Feb 22, 2018

The Corruption Perception Index (CPI) – a list of the world’s most and least corrupt countries – for 2017 has…

Greek President Pavlopoulos calls on Turkey to abandon aggressive tactics against Greece and EU
POLITICS
shares26 views
POLITICS
shares26 views

Greek President Pavlopoulos calls on Turkey to abandon aggressive tactics against Greece and EU

makis - Feb 22, 2018

The President of the Hellenic Republic, Prokopis Pavlopoulos, sent a clear message to Turkey and FYROM, during his meeting with…

Shock: Pakistani men arrested for the rape of a 13-year-old boy
GREECE
shares44 views
GREECE
shares44 views

Shock: Pakistani men arrested for the rape of a 13-year-old boy

makis - Feb 22, 2018

The local community at Evia, Greece is outraged and shocked after it was revealed that a 13-year-old boy was raped…

Leave a Comment

Your email address will not be published.