Budget surplus beats July target on lower investment spending as tax refunds fall short
Unpaid contributions rise to 33.86 bln as more legacy debtors added
Growth conditions improving but more work needed over longer term, PBO suggests
Building permits up by 4.4 pct in May and 5.3 pct in first five months
Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
CPI up by 0.9 pct in July to mark fourth consecutive rise
IMF downgrades Greek GDP and unemployment forecasts
The publication of the International Monetary Fund’s World Economic Outlook (WEO) on Tuesday revealed worse estimates for the Greek economy compared to the upbeat set of forecasts included in its previous forecasts, which were released early last October.
The Fund now expects the domestic economy to grow at a slower pace of 2.2 percent in 2017 compared to its initial forecast of 2.8 percent, which stood at high-end of the estimates made last year.
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