BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year

EconomyMacroeconomy Tags: BoG, GDP
Photo by MacroPolis
Photo by MacroPolis

The Bank of Greece (BoG) disclosed for the first time in its monetary policy report published on Wednesday its detailed medium-term (until 2018) macroeconomic forecasts.

The central bank expects a mild recession of 0.3 percent for 2016, with the domestic economy recovering as of the third quarter of this year and seeing average GDP growth of 0.7 percent quarter on quarter until the last quarter of 2018. Following two re...

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