IMF: Greece will Struggle for Decades

Of course, several economic analysts have noted how quickly the IMF reversed its prior opinion on Greece’s recovery. In 2015, the IMF projected that the nation’s economy would improve very quickly, and that prediction was made despite being in the middle of Greece’s most recent funding crisis.

Now, just 11 months later, the IMF believes Greece can do little to nothing to escape long-term financial disaster. Although the IMF asserts this re-evaluation is due to the large number of events that have occurred over the last year, economic analysts are skeptical that the 2015 projections may have been doctored in order to encourage support for the financing.

Moreover, the 2016 projection may be overly dire to gain traction in the IMF’s ongoing dispute with European lenders like Germany.