Greece is starting to recover from its economic crisis which started in 2010, according to the International Monetary Fund (IMF).
A report by the IMF executive board estimates that the country’s economy will grow by 2% in 2018 and 2.4% in 2019, thanks to a combination of structural reforms and a better external environment, helped also by substantial support from European partners, which secured medium-term sustainability and restored market access.
There are, however, still risks, which include slower trading partner growth, tighter global financial conditions, regional instability, the domestic political calendar, and risks of reform fatigue.
“Moreover, in the long term, an ageing is expected to weigh down on potential growth, increasing the need to foster productivity,” states the report.
