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IMF: Greece’s economy to grow by 2.5% in 2023 and 2% in 2024

The Greek economy is expected to grow by 2.5% this year and by 2% in 2024, significantly exceeding average growth rates of 0.7% and 1.2% in the Eurozone, the International Monetary Fund said in its World Economic Outlook report released on Tuesday. The IMF said it expected the country’s harmonised …

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Greece 2023 Budget projections: 5% Inflation, 1.8% Growth

Greece’s economy is projected to grow by 1.8% next year, according to the country’s 2023 budget, slightly lower than the figures predicted last month as higher energy costs and inflation take a toll. The final 2023 budget submitted to parliament on Monday is the first Greece has posted in 12 …

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IMF on Greece: Weak recovery in 2021, unemployment 20%, primary surpluses from 2022

Greece will return to primary surpluses from 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said its Fiscal Monitor report released on Wednesday. The IMF based its 2020 forecasts on the belief that political interventions to manage the pandemic have led to a …

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Projections of 10% recession are “exaggerated” says Bank of Greece

“Estimates of a 10% economic recession this year were exaggerated” governor of the Bank of Greece Yannis Stournaras said on Tuesday. he added that he expected the country’s GDP to shrink by 8.% under the worst-case scenario. Speaking during a new cycle of online meetings organized by the Delphi Economic …

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IMF revises upwards its growth estimations for Greece

The International Monetary Fund (IMF) has revised its growth projections for Greece in 2019. The IMF is more optimistic about  the growth pace and estimates upwards to 2.4%, from 1.8% in its April projections. It keeps unchanged its estimation for 2018 at 2%. This forecast is revised upwards by + …

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IMF revises projections for growth, primary surplus and unemployment in Greece

The International Monetary Fund has revised, downwards, its forecast for GDP growth in Greece for 2018, to 2 percent, down from 2.6 percent that it had forecasted last autumn and further down from 2.3 percent given by the Greek government for the current year. The forecast was included in the …

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IMF’s projections on Greece’s economy, Fund presses for banks withdrawal from the Balkans

Greek economy is expected to grow by 1.8 pct this year, 2.6 pct in 2018 and 1.9 pct in 2019, the International Monetary Fund (IMF) said on Monday. In its report on European economy, the IMF said it expected a 10.8 pct increase in net investments this year, rising to …

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IMF trolls Greece claiming ‘it does not ask for extra austerity measures’

The International Monetary Fund insists on additional austerity measures and reiterates that the primary surplus of  3.5 percent of GDP cannot be achieved. In its Greek report published on Thursday, the IMF projects a primary surplus of 2.2% of GDP in 2018. IF the IMF’s forecast is not revised, Greece …

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IMF growth projection for 2018 at 2.6% of Greece’s GDP

The International Monetary Fund on Tuesday said the Greek economy will grow by 2.6 pct in 2018, up from a 2.4 pct 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 pct …

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Greek gov’t says no additional measures for 2018, after IMF publishes Fiscal Monitor

With its forecast report the International Monetary Fund set the base for a new negotiation between the Fund and Greece’s  European lenders, that is Berlin. In its Fiscal Monitor 2017, the IMF forecasts for Greece a gap of 2.7 billion euros for 2018. The fund estimates that the primary surplus …

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IMF lowers Greece GDP growth projection to 2.2 percent

The International Monetary Fund has lowered its projections on Greek growth from last fall and warned against “unreasonable forecasts” and “unjustifiable frameworks” by the country’s European creditors. In its World Economic Outlook, published on Tuesday, the Fund argued that growth in Greece this year will come to 2.2 percent against …

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Greece’s draft budget 2017: charming projections with an extra burden of €1.8bn for taxpayers

Economic growth 0f 2.7%, primary surplus at 1.8%, unemployment down to 22.4%, recession at 0.3% and additional revenues of 1.835billion euros. These are the projections in the draft budget the Greek government submitted to the Parliament on Monday. This charming  “€1.8billion” in revenues describes the additional direct and indirect taxes …

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EUROSTAT: Greece’s Primary Surplus 0.7% of GDP in 2015

The much anticipated EUROSTAT data on EU’s government deficit and debt has been released. According to the data, Greece’s primary surplus for 2015 was 0.7% of the GDP. The Greek debt is 176.9% of the GDP and not 200% as it was claimed by several analysts last summer. In 2014, …

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OECD cuts Greece’s Growth Outlook, increases Debt/GDP and Unemployment projections

The Organization for Economic Cooperation and Development cut its global growth forecast, saying investment is lagging and risks including a possible Greek default are hurting confidence. In its semi-annual report the OECD says  that “the world economy will expand 3.1 percent this year, down from the 3.7 percent predicted last …

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