Greek Economy to Grow by More than 2.0 Pct in 2019-2020, Commission Says

Greek Economy to Grow by More than 2.0 Pct in 2019-2020, Commission Says

The Greek economy continues growing, with the real GDP expected to grow by 2.0 pct in 2018, 2.2 pct in 2019 and 2.3 pct in 2020, the European Commission said in its interim economic forecasts released on Thursday. The Commission's forecasts for economic growth in 2019 and 2020 are slightly revised upwards compared with its previous estimates made in autumn 2018. It also noted that Greek economic growth will remain above 2.0 pct in the coming years, although it stressed that economic recovery highly depended on the continuation of reforms. "Exploiting surplus productive capability and taking advantage of strong external demand, Greece managed to raise its market shares in global trade. Net exports became the main growth tool in the first three quarters of 2018 and (probably) for the whole year," the Commission said.

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