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Greek economy is seen expanding by 1.5% in 2017

Staff Writer | July 7, 2017
Greece’s economy is expected to expand by 1.5% in real terms this year, the Foundation for Economic and Industrial Development or IOBE said.
Greek manufacturing
Greece   The Greek economy is in track
It stressed, however, that the growth pace is slower than the original target of the economic policies.

The deviation is related with the delays in the conclusion of the second review.

“Overall, the Greek economy is in track but at a significantly slower pace than what could have been attainable and desirable,” the think tank said in its quarterly review.

IOBE expects investments to grow between 13 and 15% this year, exports to advance 5.5%, while unemployment is seen falling to 22.2%, but still, the decline would be milder than last year’s, it said.