Scope Ratings sees a greater surge of foreign direct investments to Greece in 2020, as well as higher growth, although wary of a stated target of 2.8 percent of GDP set by Athens.
Scopes’ forecast remains closer to the conservative estimates of the EU Commission and the IMF, namely, predicting a 1.8-percent GDP growth rate this year, rising to 2.3 percent in 2020.
The ratings firm notes that Greece is in a positive position due to achieving primary budget surplus targets and retaining creditors’ confidence. Moreover, Scopes cites the auspicious coincidence of an extended period of extremely low interest rates.
