Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
No breakthrough on debt talks at Eurogroup but June 21 goal remains
Supplemental MoU sets out path for maintaining fiscal sustainability
Growth strategy sets out reform targets, broad policies for post-MoU era
Debt relief talks enter final phase, with June 21 as target for deal
After unveiling growth plan, Athens has fourth review loose ends to tackle
IMF still sees fiscal gap in 2018 - no action needed, for now
During the regular cycle ahead of its Autumn meetings in Washington, the International Monetary Fund released the World Economic Outlook (WEO) and Fiscal Monitor (FM) which also include the Fund’s latest macro and fiscal estimates for Greece.
On the macro side, the IMF sees the Greek economy growing by 1.8 percent this year and 2.6 percent in 2018. Growth drops to more subdued levels in the next decade, when the Greek growth estimate eases to 1 percent in 2022.
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