IMF

The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments

The corresponding forecasts by the Greek government are 2.2% for 2024 and 2.3% for 2025

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

Greece has frequently been at the epicenter of European attention in different fields. The outbreak of the debt crisis in 2009 and the risk of Greece to leave the Eurozone and cause a systemic domino effect, for instance, heavily influenced European economic governance. In difficult times for the national economy, it was the role of […]

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

The specific Greek Loan Facility (GLF) loans were set to mature in 2024 and 2025. The GLF was the first bailout extended by Eurozone members and the IMF in May 2010.

Next month Greece will repay 5.3 billion euros ahead of schedule and hopes to continue the trend in 2024