According to a recently-published world economic outlook report by the International Monetary Foundation, in 2014 Greece can expect to see its economy grow, while the rate of unemployment is curbed.
The IMF has estimated that the Greek economy will grow by 0.6% in 2014, while in 2015 the growth rate is expected to increase to 2.9%. At the same time, the crippling 27.3% unemployment rate is to drop to 26.3% in 2014 and to 24.4% in 2015.
The rate of inflation is also reported to drop to0.4% in 2014 and 0.3% in 2015. Greece current trade surplus will be about 0.9% GDP in 2014 and 0.3% in 2015.
Regarding the Eurozone, the IMF predicts that the economy will grow by 1.2% in 2014 and 2.5% in 2015, while the rate of unemployment is also expected to drop. Amongst Eurozone and EU members, the German economy is strongest, with a projected 1.7% growth rate for this year.
The IMF report indicates that after two dramatic financial years, the trouble economies of the European south are beginning to exit the crisis, as evident by the projections of low, yet stable, growth rates.
