In 2017, the budget presented a primary surplus amounting to 1.941 billion euros, compared to 2.778 billion euros in 2016. The primary surplus may be less than that of 2016, however it is way over the official target of 877 million euros, despite the distribution of the social dividend.

In its quarterly report on economy, the Foundation for Economic & Industrial Research (IOBE) foresees 2.1% growth acceleration in 2018. This acceleration will be the result of the increase in private and public consumption, as well as of the increase in investments that will boost the recovery rate of Greece’s economy. The report also foresees around 20% decrease of unemployment, while inflation is expected to go as high as 0.8% in 2018.

 

Translation: Eleni Gogou