Greece will achieve a primary surplus of 2.9% of GDP in 2018, compared to 3.7% in 2017, a primary surplus of 3.5% in the period 2019-2022, and a primary surplus of 1.5% of GDP in 2023, according to the forecasts of IMF’s “Fiscal Monitor” report. Thus, the IMF reviews its estimations compared to the last ones in October 2017. The IMF also estimates that Greece’s economy will record 2% growth rate in 2018 and 1.8% in 2019.

In the presentation of the report at the IMF headquarters, Director of the IMF Fiscal Affairs Department Vitor Gaspar stated that the positive review of the estimations on Greece’s primary surpluses is due to improvement of the economic conditions in Greece. However, he said once again that the IMF insists on the implementation of structural reforms and debt relief measures.

 

Translation: Eleni Gogou