IMF More Pessimistic on Greece’s Growth Prospects and Debt Path

The International Monetary Fund forecasts the Greek economy will grow by 2.3% in 2020, below government estimates, with prospects weighed down by stagnant investment, adverse demographics, and low productivity.

“The Greek economic recovery has been disappointing,” the IMF said in its Article IV report on the country. “Sustained and deeper reform implementation, deploying a full range of policy tools, and strong political resolve to tackle vested interests will be necessary to meaningfully boost investment, growth, and social inclusion,” the fund said.