Greece’s economy will expand by around 2 percent in 2019, the influential Greek IOBE think tank predicted on Tuesday, slightly below a previous forecast of 2.4 percent, Reuters reports.
The Foundation of Economic and Industrial Research (IOBE) sees the 180 billion-euro economy expanding, helped by a projected 1.4 percent increase in private consumption and an expected growth of up to 12 percent in investments.
But the think tank also warned of higher financial risks in 2019, as a scheduled European union vote and a national election this year may shift the government’s focus away from fiscal prudence.
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