IMF says Greece's long-run growth projected to reach just under 1.0 percent

  • IMF, in Article IV review, says Greece's long-run primary fiscal surplus projected to reach around 1.5 percent of GDP
  • Says most directors agreed that Greece does not require further fiscal consolidation at present
  • Most directors favor 1.5 percent of GDP fiscal surplus target for Greece; some directors favor 3.5 percent of GDP target
  • Most directors believe that more relief for Greece may be required to restore debt sustainability
  • Directors stressed the need to calibrate further relief on realistic assumptions about Greece's ability to generate long-term surpluses and growth
Headlines via Reuters