A report by the European Bank for Reconstruction and Development (EBRD), which was published on Tuesday foresees a growth rate of the Greek economy of 2% this year and 2.2% in 2018 , keeping its previous forecasts of May 2017 unchanged.

The Greek economy returned to growth in the first half of the year, amid progress in reforms and confidence-building, states the EBRD, and notes that the growth rate in the first half of 2017 was 0.6%, reinforced by the good performance of the industrial and export sectors.

“We expect an increase in the growth rate in the second half of the year, triggered by another record year for tourism, and we therefore maintain our forecast of 2% growth in 2017,” states the report, adding that “there are still downside risks in terms of forecasting, as the economy is still at a difficult point, with current levels of investment well below depreciation.”