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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
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Manufacturing PMI improves slightly in June, cost and export challenges persist
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Energy continues to drive rise in producer prices as May sees 13.5% YoY increase
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Retail sales growth slows to 4% YoY in Apr, volumes drop as fuel consumption decreases
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Loans to businesses keep credit growth at 7.4% YoY in May
IMF forecasts high primary surpluses, tempers growth expectations
![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/]")
At the annual meetings of the IMF and the World Bank currently being held in Morocco, the Fund presented its latest global economic and fiscal estimates. The Greek economy is seen continuing to outperform eurozone peers on growth and reaching high primary surpluses on a permanent basis.
In the World Economic Outlook (WEO), real GDP growth is seen at 2.5 pct this year, slowing down to 2 pct in 2024, which is an upwards revision from the 1.5 pct for 2024 expected in the previous WEO in April.
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