OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief

EconomyMacroeconomy Tags: Debt, OECD, Reforms, Unemployment
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

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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