IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term

EconomyMacroeconomy Tags: Budget, GDP, IMF
Photo via IMF photostream on Flickr []
Photo via IMF photostream on Flickr []

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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