In 9th post-bailout review, EC sees reforms slowing due to pandemic
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
Lenders acknowledge reforms, flag up tricky fiscal path ahead
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
ESM report highlights programme weaknesses, outlines improvements for future bailouts
IMF maintains outlook for economy, Athens readies scheme for unpaid taxes and contributions
The International Monetary Fund (IMF) published on Tuesday its latest edition of the World Economic Outlook (WEO) ahead of the Spring Meetings that take place in Washington this week, leaving its projections for Greece’s key macro data unchanged from the first post-monitoring report issued in mid-March.
The IMF sees the Greek economy growing by 2.4 percent in real terms this year, and marginally slowing down to real growth of 2.2 percent in 2020. Growth is then seen slowing down, setting at 1.2 percent in 2022 and until the forecast horizon of 2024.
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