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European Economic Forecast. Autumn 2018. Greece

European Commission, (2018), “European Economic Forecast. Autumn 2018. Greece”, Economic and Financial Affairs, Institutional Paper 089, 8 November

Greece has exited its European Stability Mechanism programme and economic growth is taking hold, though vulnerabilities remain. Sustaining the reform momentum will be instrumental in underpinning investment and convergence. Employment is recovering and exports are expected to perform well by historical standards. Solid growth, in combination with low borrowing needs and high primary fiscal surpluses should help to reduce significantly the debt-to-GDP ratio.

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