IHS Markit: With current growth rates, Greek economy will return to 2007 levels in 2040

Thursday, 31 January 2019 12:57
UPD:13:00
REUTERS/ALKIS KONSTANTINIDIS
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IHS Markit forecasts sluggish growth rates for the Greek economy over the medium term, adding that projected growth is not enough to reduce the public debt.   

The London-based global information provider  also forecasts that unless economic growth is accelerated in the country, real GDP will return to 2007 levels in far-off 2040. In terms of the country's external debt, IHS Markit predicts that in 2030 it will be roughly 20 percentage points higher than the current official target.

A relevant study, headed by economist Elisabeth Waelbroeck-Rocha, was presented on Wednesday in Athens.

For 2019, the study forecast GDP growth of a mere 1.7 percent, and 1.4 percent over the 2020-2030 period.

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