Greek economy is seen expanding by 1.5% in 2017Staff Writer |
Greece The Greek economy is in track
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.
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. ■
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