An IMF report cites a 30-percentage-point decrease in the GDP-to-debt ratio due to continued economic growth, inflation and a 2018 debt relief agreement
Projected consumer prices are forecast to rise by 2.7%
The country's efforts at digitalization and in combatting tax evasion seem to be bearing fruit
Special analysis for 2022-23 cites the consequences of price appreciation in housing, energy and food
The ongoing protests by farmers in France and Germany have prompted responses from President Emmanuel Macron and Chancellor Olaf Scholz, leading to a series of announcements
Their attacks have prompted major shipping companies to instruct their vessels to avoid the maritime route through the Suez Canal, opting instead to circumnavigate Africa which has resulted in significantly more time-consuming and costly maritime transportation
In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures
The IMF predicts a real GDP growth of 2.3% in 2023 (revised from the previous 2.5%) and 2.1% in 2024 (revised from 2%). Regarding inflation, the estimate suggests a decrease from 4.2% in 2023 to 2.8% in the current year
IMF Projects Global Inflation to Stand at 6.9 Percent in 2023