Commission forecasts for Greek GDP growth slightly down from Feb. projections

9 May 2019
61 Views

The Commission’s spring forecast for the course of the Greek economy are moving slightly lower than the immediately previous forecast, primarily affected by a slowdown in the overall European economy.

Nevertheless, Greece’s economic recovery continues to move at rates higher than the rest of the EU and Eurozone.

Specifically, the Commission said Greek GDP increased by 1.9 percent in 2018, and is forecast to grow by 2.2 percent this year. In February, the same forecast put 2018 growth at 2 percent; 2.2 percent for 2019 and 2.3 percent for 2020.

Just as importantly, the Commission offers a “glimmer of hope” related to the Tsipras government’s very strong desire to avoid implementing a pre-legislated reduction in the annual tax-free income threshold – which is set to come on line on Jan. 1, 2020.

You may be interested

Lotto results: 18/05/2019
GREECE
shares26 views
GREECE
shares26 views

Lotto results: 18/05/2019

Panos - May 18, 2019

The winning numbers from the Lotto draw are as follows:

OH-58D Kiowa Warrior helicopters and CH-47 Chinook arrive in Greece (photos)
GREECE
shares46 views
GREECE
shares46 views

OH-58D Kiowa Warrior helicopters and CH-47 Chinook arrive in Greece (photos)

makis - May 17, 2019

The American attack helicopters “Kiowa Warrior” arrived in Greece yesterday and are expected to reinforce the capabilities of the Hellenic…

The 10 most dangerous cities in the world
TRAVEL
shares42 views
TRAVEL
shares42 views

The 10 most dangerous cities in the world

Panos - May 17, 2019

Some of the most dangerous and violent cities for citizens and tourists alike are located in South America. The Mexican…

Leave a Comment

Your email address will not be published.