Producer prices record back-to-back decline in Apr as energy falls by 24.4 pct YoY
Consumer confidence takes off in May as rest of sectors deliver mixed data
Building activity down 15.2 pct in Feb for sharpest drop since 2020
VAT and income taxes drive revenue and budget outperformance in April
EC reports highlight tight fiscal path and economic challenges
Travel surplus continues to grow in March, up 55 pct YoY in Q1
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
In its latest Economic Outlook report published on Wednesday, the Organisation for Economic Co-operation and Development (OECD) notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven. Growth is expected to return but uncertainties remain.
The OECD estimates that GDP will rebound by 1.1 percent in 2017, lower than its previous forecast of 1.3 percent released in late November. However, a stronger growth of 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent.
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