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Rises in refined oil products push producer prices up by 14.9% YoY in August
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Retail sales on the up with 6.6% YoY growth in July
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Unemployment rate drops further to 7.4% in August
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Economic sentiment slightly improves in Sep, as recovery in consumer confidence continues
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Building activity rebounds strongly with 21.5% YoY rise in June
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Government struggles to shape narrative as rising costs compete with positive outlooks
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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