Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023

EconomyMacroeconomy Tags: GDP, IMF
Photo via Flickr
Photo via Flickr

Amidst gloomy global economic prospects, which led to significant growth revisions in the World Economic Outlook that was published yesterday as part of the annual meetings of the IMF and World Bank, the Fund offered a small glimpse of hope to the Greek authorities for the challenging year ahead.

The IMF cut the growth estimate for the eurozone by half to 0.5 pct for next year, from 1.2 pct seen in the previous estimate in July and the eurozone’s engine Germany is now seen in a small contraction of 0.3 pct, from growth of 0.8 pct in the July for...

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