Greece was the pleasant surprise of the European economy that was often mentioned at the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), National Economy and Finance Minister Kostis Hatzidakis said on wrapping up his visit to Washington.
The International Monetary Fund forecasts a primary surplus of 2.1% of GDP for Greece this year and a decrease in public debt by 10 percentage points to 158.8% of GDP in its report on fiscal developments (Fiscal Monitor).
Greece’s economic outlook has improved notably, but significant challenges remain, the IMF said in a report released on Wednesday.
Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary Fund said on Tuesday.
Deputy Minister of National Economy and Finance Harry Theocharis held a series of meetings on Friday on the sidelines of the International Monetary Fund (IMF) Annual Meeting, which took place in Marrakesh this week.
In its World Economic Outlook for October, published on Tuesday, the International Monetary Fund (IMF) forecasts that Cyprus’ growth rate for 2023 will slow to 2.2% of gross domestic product.
Cyprus’ public finances will return to surpluses in 2023, which will continue until 2027, the International Monetary Fund said in its Fiscal Monitor 2022 issued on Wednesday.
Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery, but high energy prices are expected to further increase inflation, the International Monetary Fund (IMF) said in a report on the country on Wednesday.
Greece has repaid its outstanding debts dating back to its financial crisis to the International Monetary Fund, two years ahead of schedule, the Finance Minister said Monday.
