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
Santorini volcano explosion dates changed: Piece of olive tree found on Thirasia changes everythingmakis - Oct 22, 2018
The dating of a piece of olive tree found on Thirasia will move the dating of the eruption of Santorini’s…
ELSTAT: The Greek debt is 176,1% of GDP…makis - Oct 22, 2018
The primary surplus of 2017 is marginally lower, according to ELSTAT’s latest data. ELSTAT revised the primary surplus of 2017…