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EBRD revises Greece's economic forecast, 2019 GDP seen 2%

Christian Fernsby ▼ | November 7, 2019
The European Bank for Reconstruction and Development revised its economic forecast for Greece, seeing growth accelerating 2.0% in 2019 and 2.4% in 2020.
Europe   Greece street
Previous estimates were for GDP growth of 2.2% in 2019 abd 2.4% in 2020.

Topics: Greece

In its latest Regional Economic Prospects, EBRD said that exports of goods and services and private consumption still power economic growth.

However, EBRD warned that a further escalation of trade tensions and rising global uncertainty about policy are major risks to the outlook.

“Economies in the EBRD regions are particularly vulnerable to a further slowdown in the eurozone, a deeper-than-anticipated slowdown in China and protracted weakness in the automotive sector globally,” added.