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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
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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