IMF predicts fast growth for Greece
IMF predicts fast growth for Greece
19/9/2003 13:52
Greece’s economy will expand by 4 percent this year and 3.9 percent next year, thanks to the impact of the 2004 Athens Olympic Games, according to the International Monetary Fund (IMF). In its latest world Economic Outlook publication, the IMF remarked on the weakness of the eurozone’s economy. “Growth should remain somewhat more resilient, however, in Spain and especially Greece, aided by relatively buoyant domestic demand (including the impact of Olympic Games-related investment in Greece),” the IMF said in the report, released yesterday. Also yesterday, the Greek government revised the economic growth figure for 2003 to 4 percent, adding that growth would accelerate to 4.2 percent or more in 2004. The government had previously targeted growth of 3.8 percent this year and 4.1 percent the next.

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