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Greece to revise down its 2017 GDP growth estimate to 1.6%

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Staff Writer | November 8, 2017
Greek government
Europe   A Finance Ministry internal document

Greek government has reportedly lowered its 2017 GDP growth forecasts, to 1.6% from 1.8% due to the negative carry-over impact from the revisions of the past years’ figures.

A Finance Ministry internal document dated November 1 and seen by media, also calls for 2018 GDP growth of 2.5% versus 2.4% previously, and primary surplus of 2.4% of GDP versus 2.2% included in the next year’s draft budget.

Also, the 2018 primary surplus is seen at 4% of GDP versus 3.6% in the draft budget and the program target of 3.5%.

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