The Greek economy is expected to grow by 1.8 pct this year, the European Commission noted in its autumn forecasts released on Thursday, according to ANA.
The EU’s executive body announced it expected the Greek GDP to grow by 2.3 pct in 2020 and by 2.0 pct in 2021.
The Commission forecasts a decline in the unemployment rate to 17.3 pct of the workforce in 2019, falling to 15.4 pct in 2020 and to 14 pct in 2021, while on employment, the Commission forecasts a steady increase by 2.2 pct in 2019 and 2020 and by 1.4 pct in 2021.
The general government’s surplus is projected to rise to 1.3 pct of GDP in 2019, 1.0 pct in 2020 and 1.1 pct in 2021, while the country’s public debt is forecast to reach 175.2 pct of GDP in 2019, falling to 169.3 pct in 2020 and 163.1 pct in 2021.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: European Commission
