The European Central Bank (ECB) forecast that Greece will achieve growth rates of 0.1 pct of GDP in 2016, in the Eurosystem staff macroeconomic projections for the euro area countries posted on its website on Thursday. Growth rates in the country are then seen rising to 2.5 pct of GDP in 2017 and 3 pct of GDP in 2018 and 2019.
For unemployment, the ECB projections see this falling to 23.5 pct in 2016, 22 pct in 2017, 20.5 pct in 2018 and 19 pct in 2019. Inflation is seen rising to 0.1 pct in 2016, 1.1 pct in 2017, followed by 1 pct in 2018 and 1.2 pct in 2019.
Throughout the Euro area, real GDP is expected to rise 1.7 pct in 2016 and 1.6 pct in 2018 and 2019. Unemployment is forecast to reach 10 pct in 2016, while Eurozone inflation will increase from 0.2 pct in 2016 to 1.3 pct in 2017.
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