IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off

9 April 2019
558 Views

The International Monetary Fund is optimistic about Greece’s growth rate and the prospects of its economy for 2019, warning, however, that the global economy is at a “highly volatile” juncture.

In its World Economic Outlook report presented ahead of the General Assembly to take place next weekend and, as far as Greece is concerned, the Fund retains the previous forecast for GDP growth of 2.4%.

At the same time, it projects that in 2020 growth will be limited to 2.2% of the GDP, while in the medium term it estimates that the pace of GDP growth will be halted significantly. Specifically, in 2024 it forecasts a rise of only 1.2%.

As far as this year is concerned, the Fund estimates the Greek GDP will increase by 2.7% in the fourth quarter. For 2020, it estimates Q4 will run at 1.8% of GDP.

The IMF projects unemployment will fall to 18.5% this year and will fall by another percentage point next year to 17.5%.

The Fund estimates inflation will accelerate for this year, while the bar will rise to 1.1% for 2019, to 1.4% next year and stand at 1.8% in 2024.

You may be interested

Immediate US sanctions against Turkey for S-400 system
WORLD
shares32 views
WORLD
shares32 views

Immediate US sanctions against Turkey for S-400 system

makis - Dec 04, 2020

The 2021 National Defense Authorization Act (NDAA) provides for the imposition of sanctions against Turkey for the acquisition of the…

Covid-19 Greece – 1,882 new cases on Thursday
GREECE
shares44 views
GREECE
shares44 views

Covid-19 Greece – 1,882 new cases on Thursday

makis - Dec 03, 2020

The Greek authorities announced 1,882 new cases of coronavirus on Thursday, 8 of which were detected following checks at the…

Greek Shipping Minister admitted to ICU
GREECE
shares49 views
GREECE
shares49 views

Greek Shipping Minister admitted to ICU

Panos - Dec 03, 2020

The Minister of Shipping and Island Policy, Giannis Plakiotakis, was admitted for precautionary reasons to the Intensive Care Unit of…

Leave a Comment

Your email address will not be published.