Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts

EconomyMacroeconomy Tags: Budget, EC, IMF
Finance Ministry
Photo by MacroPolis

The government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International Monetary Fund issued an indirect warning that Greece’s growth prospects for the coming years will be weaker than expected.

Reports on Wednesday morning suggested that the effort to reduce next year’s fiscal gap, from around 1 billion euros originally, to zero were fruitful. It appears that the government was forced to adjusting the costing of some of the fiscal measures it ...

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