IMF Revises Downwards IMF Growth for Greece, at 2% for 2025

The International Monetary Fund (IMF) has revised its maturation forecast for Greece to 2% this year, down from 2.3% successful 2024. At the aforesaid time, the Washington D.C.-fund retains its forecast for 2026, 2%, successful its autumn report.

Additionally, the IMF forecasts that ostentation successful the eastbound Mediterranean state will summation marginally, to 3.1% this year, earlier easing to 2.5% successful 2026.

The existent accounts will stay negative, based connected the revised forecast, astatine -5.8% arsenic a percent of GDP successful 2025, down 5.3% successful 2026.

Unemployment is forecast to easiness to 9% successful 2025 and 8.4% successful 2026.

The aforesaid study besides underlines that while the memorandum bailout epoch has ended, Greece remains a state that is highly indebted, a origin that influences credit-worthy ratings by planetary agencies.

The IMF considers Greece successful the class of “European debtors”, on with countries such arsenic Cyprus, Ireland, Portugal, and Spain.

Source: tovima.com