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European Commission

Greek economy has made progress but challenges remain, Commission report says

The Greek economy still faces "excessive imbalances" such as a high public debt, unemployment and a high rate of non-performing loans, despite progress made in the last few years, the European Commission said in its European Semester report released on Wednesday, which examines macroeconomic imbalances in all EU member-states.

European Commission sees 2.2% growth for Greece in 2019

The European Commission is forecasting further growth for the Greek economy in 2019, on the back of a 2 percent growth rate increase in 2018 and following the completion of its bailout program last August.