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Economic situation in Greece

Economic situation in Greece

Updated 

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.