Greek economy to grow by 2.3% in 2018, OECD reports

Greek economy to grow by 2.3% in 2018, OECD reports

The Greek economy is projected to grow by 2.3% in 2018, and then moderate to 2% in 2019, from 1.4% this year, the Organisation for Economic and Cooperation and Development (OECD) said on Monday.
OECD in its Economic Outlook report, said that private consumption and investment will lead the recovery, responding to reduced policy uncertainty and gradually improving financial conditions. Exports should continue to increase, supported by rising external demand. Accelerating imports will subtract from growth in 2019. Excess capacity is diminishing but remains exceptionally large, limiting price and wage pressures.

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