OECD expects Greek economy to recover, stresses need for structural reforms and debt relief

EconomyMacroeconomy Tags: Debt, GDP, OECD, Reforms, Unemployment
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

In its latest Economic Outlook report published on Monday, the Organisation for Economic Cooperation and Development said it expects a rebound in the Greek economy in the next two years supported by structural reforms, rising business and consumer confidence and stabilisation of the economic and political environment.

Private consumption is seen increasing by 0.8 percent in 2017 and 1.6 percent in 2018, while investments are forecast to grow by 4.3 and 4.6 percent in 2017 and 2018 respectively.

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