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Credit expansion grows by 4.5 pct in Mar, driven by corporations -
Deposits reverse contraction in Mar with 1.67 bln growth -
Building permits start year strongly with 15.1 pct rise in Jan -
March hirings balance hits new high, boosted by seasonal jobs in catering and accommodation -
Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach -
Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
IMF downgrades Greek GDP and unemployment forecasts
The publication of the International Monetary Fund’s World Economic Outlook (WEO) on Tuesday revealed worse estimates for the Greek economy compared to the upbeat set of forecasts included in its previous forecasts, which were released early last October.
The Fund now expects the domestic economy to grow at a slower pace of 2.2 percent in 2017 compared to its initial forecast of 2.8 percent, which stood at high-end of the estimates made last year.
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