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Brussels flags downside risks for Greece as conflict‑driven inflation surges
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Strong Q1 for tourism as receipts rise by 64 pct YoY
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Timing factors and contained spending keep primary balance 2.89 bln above target in April
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Current account deficit at 2.34 bln in Mar, up to 6.96 bln in Q1
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EC forecasts slower growth, higher inflation as energy shock strikes
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Refined oil products propel 27.4 pct YoY rise in March industrial turnover
IMF forecasts add to concerns about sluggish growth ahead
Greece’s economic outlook received another dose of reality this week as the IMF published the latest economic outlook in its World Economic Outlook (WEO) in the context of the annual joint meetings with the World Bank.
The IMF is broadly in line with other organisations as well as the Greek authorities on the near-term growth forecasts, expecting the economy to grow by 2.3 pct this year and marginally slow down to 2 pct in 2025.
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