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GreeceBusinessGreek economy to grow by 2.5% in 2023 and 2% in 2024,...

Greek economy to grow by 2.5% in 2023 and 2% in 2024, IMF report says

Hellenic News of America
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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 inflation rate to fall to 4.1% on average in 2023 and to 2.8% in 2024 (against 5.6% and 3.3% in the Eurozone, respectively). The unemployment rate in Greece is expected to fall to 10.8% of the workforce this year and to 9.3% in 2024 from 12.4% in 2021, while the country’s current account deficit is expected to fall to 6.9% of GDP this year and to 6% of GDP in 2024. In the Eurozone, the current account balance is expected to show a surplus of 1.2% of GDP this year and 1.4% in 2024.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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