IMF revises Greece’s 2019 growth rate upwards
The International Monetary Fund has revised Greece’s short-term growth forecasts upward while lowering medium-term forecasts in its October 2018 World Economic Outlook.
The report will be published on Tuesday (today) in light of its annual meeting in Bali, Indonesia this week.
The new IMF report expects next year’s growth rate to come to 2.4 percent, against 1.8 percent in April. It is closer to the Greek government’s forecast for 2.5 percent growth, and the latest projection by the European Commission for 2.3 percent.
However, the medium-term forecast is lower than previously. Specifically, the economic growth forecast for 2023 is now 1.2 percent, from 1.9 percent in its previous report.
You may be interested
Lotto results: 15/06/2019Panos - Jun 15, 2019
The winning numbers from the Lotto draw are as follows:
Top 5 Beaches in the CycladesPanos - Jun 14, 2019
The Cyclades are filled with beaches ranging from pleasant to amazing, but for those who love lists, here are the…
European Court of Human Rights convicts Greece over living conditions of minorsPanos - Jun 14, 2019
The European Court of Human Rights (ECtHR) convicted the Greek state over the degrading conditions of the incarceration of five…