OECD Sees 2.1 pct GDP Growth in Greece
Greece's economic recovery is expected to maintain its momentum, with the country's Gross Domestic Product (GDP) rising by 2.0 pct or slightly more in 2019 and 2020 after an 1.9 pct growth rate in 2018, the Organisation for Economic Cooperation and Development (OECD) said in its economic outlook report released on Tuesday.The Paris-based organisation expects the Greek economy to grow by 2.1 pct this year and by 2.0 pct in 2020.
The OECD noted that "deviations from the current medium-term fiscal strategy would undermine gains in fiscal credibility. Delays in reforms to improve business environment, competitiveness and banks' health could create downside risks to the projected recovery in investments. A fall in tourism related to a disorderly Brexit could lead to a sharper slowdown in exports.”