Greek Economy's Growth to Speed Up in 2020-2021, Bog Report Says

Greek Economy's Growth to Speed Up in 2020-2021, Bog Report Says

Greek economic growth will accelerate in the coming years, the Bank of Greece said in its interim report on Monetary Policy which was released on Monday. The central bank estimates that the country's GDP will grow by 1.9 pct this year, 2.1 pct in 2020 and 2.2 pct in 2021. The Bank of Greece reiterated that the state budget's primary surplus will reach 2.9 pct of GDP this year, down from a 3.5 pct budget target. The central bank, in its report, acknowledged that the Greek economy has achieved an unprecedented correction of its macro-economic imbalances in the period from 2010 until today, but warned that the economy still faced great challenges, while significant risks came both from the domestic environment - related to a backtracking or abolition of reforms - and the external environment - such as a slowdown of global economic activity because of intensifying trade protectionism and geopolitical tensions.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.