Travel balance surplus up by 10.9 pct in 2019 as 31.3 mln visitors roll in
PBO sees encouraging signs for economic and fiscal outlook
Current account deficit more than halves to 2.57 bln in 2019
Apartment prices rise by 7.5 pct in Q4 and 7.2 pct in 2019
Central government debt increases by 2.16 bln to 356.01 bln in Q4
Industrial turnover rises by 11.3 pct in December
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
In its latest Economic Outlook report published on Wednesday, the Organisation for Economic Co-operation and Development (OECD) notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven. Growth is expected to return but uncertainties remain.
The OECD estimates that GDP will rebound by 1.1 percent in 2017, lower than its previous forecast of 1.3 percent released in late November. However, a stronger growth of 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent.
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