World Economic Outlook foresees growth for Greece

The report confirms a 2.9% GDP growth forecast for Greece in the coming year, up from 0.6%  in 2014, with inflation rate running at 0.3%, up from negative rates of -0.8% in 2014. The current accounts balance is forecast to remain in surplus, though this is expected to decline to 0.1% of GDP in 2015, from 0.7% of GDP in 2014.

The IMF forecasts a small decline in unemployment rates in Greece, from 25.8% in 2014 to 23.8% in 2015. Overall, the report sees the Eurozone recovery as 'weak' and 'uneven' in 2015, with some "core" Eurozone economies facing difficult conditions.

The report forecasts a "weak and uneven" global economic recovery rising to 3.8% in 2015, while potential growth rates - the pace at which annual output can expand without pushing up inflation - are also being revised down.

"These worse prospects are in turn affecting confidence, demand and growth today," said Olivier Blanchard, Economic Counsellor and head of the IMF's Research Department while presenting the report.