IMF's World Economic Outlook Sees Growth, More Jobs in Greece for 2015

Greece can expect a gradual economic recovery in 2015, with a return to growth and declining unemployment, according to the World Economic Outlook report released by the International Monetary Fund on Tuesday.

The report confirms a 2.9 pct GDP growth forecast for Greece in the coming year, up from 0.6 pct in 2014, with inflation rate running at 0.3 pct, up from negative rates of -0.8 pct in 2014. The current accounts balance is forecast to remain in surplus, though this is expected to decline to 0.1 pct of GDP in 2015, from 0.7 pct of GDP in 2014.

The IMF forecasts a small decline in unemployment rates in Greece, from 25.8 pct in 2014 to 23.8 pct in 2015.

Overall, the report sees the Eurozone recovery as 'weak' and 'uneven' in 2015, with some "core" Eurozone economies facing difficult conditions.