IMF Sees Greek Economy Growing by 2.6% in 2018

IMF Sees Greek Economy Growing by 2.6% in 2018

The International Monetary Fund on Tuesday said the Greek economy will grow by 2.6% in 2018, up from a 2.4% growth rate estimate envisaged in a draft budget plan tabled to Parliament by the Greek government last week. The IMF expects the Greek economy to grow 1.8% this year.
In its annual report, the IMF said, however, that the dynamism of the Greek economy will gradually weaken with the economy expected to grow by only 1.0% in 2022. The European Commission forecasts that Greece will grow by an annual rate of 1.5% in the period 2021-2014. The IMF, in its World Economic Outlook report, said that the unemployment rate will fall from 22.3% this year to 20.7% in 2018, while the inflation rate will rise to an average rate of 1.3% in 2018 from 1.2% in 2017.

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