IMF outlines areas in which Greece needs further reforms, where it should apply caution

EconomyProgramme Tags: Debt, GDP, IMF, Labour
Photo via Flickr https://flic.kr/p/7BWNey
Photo via Flickr https://flic.kr/p/7BWNey

The International Monetary Fund (IMF) issued on Tuesday its first post-programme report for Greece as part of the regular monitoring cycle of assessing policies and the country’s capacity to repay the Fund.

The IMF acknowledges that the Greek economic recovery is ongoing, with GDP growth expected to accelerate further this year, but cautions that the reform momentum is slowing down, and risks to the growth trajectory are rising.

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