Greek Economy to Grow 1.5% in 2017, 2.0%in 2018, Moody's Says

Greek Economy to Grow 1.5% in 2017, 2.0%in 2018, Moody's Says

The Greek economy is expected to grow by 1.5% this year and 2.0% in 2018, Moody's Investors Service said in a report released on Tuesday.
In the report, titled: "Greece's credit profile is improving, but high public debt and uncertainties regarding effective implementation of reforms remain constraints", Moody's said Greece's credit metrics are on an improving trend, with economic growth turning positive and the public finances on a more solid footing than in the past. The successful conclusion of the second review of Greece's third external support programme brings much needed liquidity into the economy and improves the outlook for investment inflows. At the same time, however, Greece's credit profile remains constrained by a very high level of public debt, a weak banking sector and uncertainties regarding the effective implementation of reforms, Moody's Investors Service said.      
 
ANA-MPA

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