Greek economy to grow by 2.0 pct in 2019 and 2.4 pct in 2020, EBRD report says

The Greek economy will grow by 2.0 pct this year and 2.4 pct in 2020, the European Bank for Reconstruction and Development (EBRD) said in its autumn economic forecasts report released on Tuesday.
EBRD said the economic recovery that began in 2017 continued in 2018 and the first half of 2019, although at a slightly slower pace than expected, with 1.9 per cent GDP growth in 2018, and 1.5 per cent growth year on year in the first half of 2019.
Exports of goods and services remain by far the key driver of growth, private consumption retains a positive impact on growth, and unemployment continues to decline, down to 17 per cent in August 2019. The general government primary surplus was 4.4 per cent of GDP in 2018, well above the 3.5 per cent target, and is on track to achieve this target in 2019. Capital controls have been fully lifted as of 1 September 2019.
These...

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