Economy to Grow by 2.5% in 2018 and 2019, European Commission Report

Economy to Grow by 2.5% in 2018 and 2019, European Commission Report

The Greek economy is expected to grow by 2.5% this year and in 2019, the European Commission said in its economic outlook estimates for the 2017-2018 period, released here on Wednesday.
The report, titled "The Greek economy grows again", said that economic recovery was expected to strengthen in the coming years and to support an increase in employment. However, it noted that "a steady commitment for structural reforms is of vital importance for the continuation of growth".
"It is the first time since 2008 that the Greek economy is growing for three successive quarters," the Commission report said, noting that real GDP in Greece grew by 0.3% in the third quarter of 2017, for an annual growth rate of 1.1% for the first three quarters of 2017.

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