By N. Bellos
[email protected]
The European Commission slightly revised, downwards, its forecasts for Greek GDP growth over the 2018-2020 period, expecting a slightly higher rate for the current year but lowering expectations for the coming year.
The Commission revised the GDP forecast for 2019 to 2.3 percent.
In terms of unemployment, the Commission forecasts that in Greece the rate will drop to 16.9 percent by the end of 2020.
Additionally, Greece’s general government primary budget surplus is expected to hover at 0.6 percent over the 2018-2020 period.
In terms of the public debt to GDP ratio, it will rise to 182 percent of GDP in 2018, higher than the 177.8 percent figure provided in the Commission’s spring report. The forecast for 2019 is also worse than the one issued last spring, 174.9 percent from 170.3 percent; 167.4 percent in 2020.
