IMF expects difficult year for public finances, PBO highlights impact on labour force

EconomyMacroeconomy Tags: Budget, IMF, PBO
Photo by MacroPolis
Photo by MacroPolis

The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook that was published on Tuesday.

The Fund sees Greece running a fiscal deficit of 9 pct of GDP this year, followed by a deficit of 7.9 pct of GDP in 2021. After five years of successive primary surpluses, the balance will turn negative this year and next: -5.1 pct of GDP in 2020 and -4...

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