The International Monetary Fund (IMF), in its World Economic Outlook report, forecasts accelerated growth for Greece’s economy and a decrease in the unemployment rate. More specifically, after the stagnation of 2016, Greek economy will present a 1.8% growth this year and a 2.6% growth in 2018. The growth rate in the Eurozone is estimated at 2.1% in 2017 and at 1.9% in 2018, from 1.8% in 2016.
IMF economists also estimate that the unemployment rate in Greece will be reduced to 22.3% on average this year, from 23.6% in 2016, and that it will further decrease to 20.7% in 2018. The unemployment rate in the Eurozone is estimated at 9.5% this year and at 9% in 2018, from 10% in 2016. Regarding inflation, the IMF sees a 1.2% increase in 2017 and a 1.3% increase in 2018, from zero in 2016. Finally, regarding Greece’s current account balance, the IMF forecasts a deficit decrease to 0.2% of GDP this year and to 0.1% in 2018, compared to 0.6% in 2016.
Translation: Eleni Gogou