IMF Says Greece Growth Outlook Still Weak as Debt Relief Elusive
- Greek fiscal targets still unrealistic, IMF says after review
- Prospects for long-term growth in Greece subdued, fund says
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The International Monetary Fund said Greece’s growth outlook remains weak, with the country still requiring deep reforms and debt relief from its European creditors.
While Greece has made significant progress unwinding its macroeconomic imbalances, growth is elusive and risks are high, the IMF said Friday in a statement following the fund’s annual assessment of the Greek economy. The unemployment rate is expected to remain in the double digits until the middle of the century, said the Washington-based lender.