European Commission positive on Greece's macro and fiscal prospects

EconomyMacroeconomy Tags: Debt, EC, GDP, Revenues, Taxes, Unemployment
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece is showing signs of recovery and its economy is expected to strongly rebound as of 2017 if the second programme review is completed, the European Commission (EC) notes in its winter economic forecasts published on Monday.

The EC also anticipates a notable outperformance of the fiscal target in 2016 and an achievement of 2017 target based on already-adopted measures.

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