IHS Markit forecasts sluggish growth rates for the Greek economy over the medium term, adding that projected growth is not enough to reduce the public debt.
The London-based global information provider also forecasts that unless economic growth is accelerated in the country, real GDP will return to 2007 levels in far-off 2040. In terms of the country’s external debt, IHS Markit predicts that in 2030 it will be roughly 20 percentage points higher than the current official target.
A relevant study, headed by economist Elisabeth Waelbroeck-Rocha, was presented on Wednesday in Athens.
For 2019, the study forecast GDP growth of a mere 1.7 percent, and 1.4 percent over the 2020-2030 period.
