IMF revises Greece’s 2019 growth rate upwards
- Written by E.Tsiliopoulos
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 was published on Tuesday 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.
Tagged under
Related items
- Giannis Antetokounmpo and Mariah to tie the knot in Greece wedding
- Police arrest Greek national sought by Italy for financial crimes
- Greek President Sakellaropoulou meets with diaspora in Santiago, Chile
- Greek bases to hosts largest NATO air exercise this Fall.
- Far right deputy punches another far right MP, lands in jail, faces prosecutor
Latest from E.Tsiliopoulos
- Giannis Antetokounmpo and Mariah to tie the knot in Greece wedding
- Police arrest Greek national sought by Italy for financial crimes
- Greek President Sakellaropoulou meets with diaspora in Santiago, Chile
- Greek bases to hosts largest NATO air exercise this Fall.
- Far right deputy punches another far right MP, lands in jail, faces prosecutor