EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach

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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach

EconomyMacroeconomy 07/11/2019 - 13:17 Tags: Debt, EC, GDP, Unemployment

The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.

Gains in exports markets and new fiscal policy measures that intend to stimulate investment and reduce labour costs are expected to carry on as recovery continues in 2020.

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