Economic situation in Greece

2024-01-30T12:43:00.000ZUpdated

Description

Greece’s economy returned to growth in 2017, expanding by 1.4%, driven by a surge in investment and accumulation in inventories, on the back of improving economic sentiment.

According to the Spring 2018 Commission (COM) forecast, real GDP growth is to accelerate to 1.8% in 2018 and 2.3% in 2019.

The Eurogroup of 22 June 2018 stated that the Greek authorities have completed all the agreed prior actions of the final review of the ESM (European Semester Spring) programme.

The Eurogroup has agreed on a debt relief package to safeguard Greece’s debt sustainability, expressed in terms of Gross Financing Needs.

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