OECD warns of impact on economic progress from handouts

The Organization for Economic Cooperation and Development (OECD) has warned Greece that it needs to stick to agreed reforms and fiscal targets if it wants to maintain current growth rates.

"Deviations from the current medium-term fiscal strategy would undermine gains in fiscal credibility," the OECD warned in its latest Economic Outlook report.

"Delays in reforms to improve the business environment, competitiveness and banks' health would create downside risks to the projected recovery in investment," it added.

According to the Paris-based organization, Greece's economic recovery is projected to maintain its recent pace, with gross domestic product growing at or slightly above 2 percent in 2019 and 2020. In 2018, the economy grew by 1.9 percent, its fastest rate since the start of the crisis, driven mainly by growth in exports and private consumption, though...