IMF revises Greece’s 2019 growth rate upwards

9 October 2018
734 Views

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

Turkey vs Greece: EU’s failure to act will trigger conflict in east Med, warns expert
SLIDE
shares19 views
SLIDE
shares19 views

Turkey vs Greece: EU’s failure to act will trigger conflict in east Med, warns expert

makis - Oct 20, 2020

And the observer, who posts regular assessments of the situation via the Greek Analyst Twitter account, suggested Turkish President Recep…

Turkey to abandon some observation stations in Syria’s Idlib
WORLD
shares26 views
WORLD
shares26 views

Turkey to abandon some observation stations in Syria’s Idlib

Panos - Oct 20, 2020

Turkey has decided to abandon some of its military positions in Syria’s Idlib province, including observation stations established under a deal with…

Greek-Turkish crisis: Oruc Reis sailing on limit of 12-mile radius of Kastellorizo
GREECE
shares37 views
GREECE
shares37 views

Greek-Turkish crisis: Oruc Reis sailing on limit of 12-mile radius of Kastellorizo

Panos - Oct 20, 2020

The Turkish research vessel Oruc Reis is sailing close to a 12-nautical-mile radius from the Greek island of Kastellorizo, along with…

Leave a Comment

Your email address will not be published.