Primary Budget Surplus Seen between 3.5 pct to 5.1 pct – Report

Primary Budget Surplus Seen between 3.5 pct to 5.1 pct – Report

Greece is seen producing primary budget surpluses of more than 3.5 percent of GDP that reach up to 5.19 percent in 2022, the Finance Ministry's Mid term Framework for Fiscal Strategy said in a report on Tuesday.

Economic growth is expected to reach 2 percent in 2018, 2.4 percent in 2019, 2.3 percent in 2020, 2.1 in 2021 and 1.8 percent in 2022.

At the same time, the country's unemployment rate is seen falling to 19.9 percent in 2018 before sliding to 14.3 percent in 2022, the report said.

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