The Greek economy is expected to shrink by 4,2% this year and to show a positive growth rate of 0,6%, according to the International Monetary Fund’s new World Economic Outlook.
The IMF expects a negative inflation rate of 0,8% for this year and 0,4% for 2014, with the current account deficit to be drastically reduced to 0.3% of the GDP this year and to be turned into a surplus of 0,4% in 2014.
Unemployment will be consistently high both in 2013 and 2014. According to IMF’s analysts, the unemployment rate will be 27% for 2013 and in 2014, an imperceptible decline to 26% is expected.
As regards Eurozone, IMF notes that despite the improvement of economic prospects observed over the last months, the heavily indebted countries should not “relax” their fiscal consolidation efforts.
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