The Greek economy is expected to grow by 2.5 pct in 2019 (up from a 2.4 pct provision included in the medium-term programme) according to the draft state budget plan to be tabled later on Monday in Parliament.
The draft budget plan also envisages a 2.1 pct GDP growth rate this year (up 2.0 pct from the medium-term provisions), while in 2019 the unemployment rate is projected to fall to 16.7 pct (from 18.3 pct this year) and private investments (gross fixed capital formation) are projected to rise by 11.9 pct (up 0.8 pct this year).
These figures are included in a report released today by the Hellenic Fiscal Council. The report said that private consumption was expected to grow by 1.1 pct in 2019 (from a 1.0 pct growth rate this year) and employment to rise by 1.8 pct (up 1.7 pct in 2018). Exports of goods and services are expected to grow by 5.8 pct in 2019 (up 7.5 pct in 2018), while imports are expected to grow by 5.2 pct (up 3.4 pct in 2018).