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Industrial production rises by 4.2 pct in April thanks to growth in electricity supply
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CPI growth stable at 2.8 pct in May, food inflation gathers pace at 11.6 pct
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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
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Trade deficit narrows in April, though exports drop by 4.3 pct
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Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ
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Unemployment stays at 11.2 pct in Apr, youth jobless down by 5 points at 27.4 pct
IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-large.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
Within the regular cycle of its World Economic Outlook (WEO) publication, the International Monetary Fund was the latest international organisation to adopt a more optimistic view about Greece’s growth this year.
In last October’s WEO, Greece was seen growing by 4.1 pct in 2021, before revising down the forecast in Spring to 3.8 pct growth. Last October’s estimate also had Greek GDP dropping by 9.5 pct in 2020, before settling at 8.2 pct contraction.
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