IMF forecasts Greece's public debt to drop by nearly 30 percentage points by 2029

IMF forecasts Greece's public debt to drop by nearly 30 percentage points by 2029

Business

Greece's primary surplus is projected to increase to 2.1% of GDP in 2024, up from 1.9% in 2023, and is expected to remain at this level through 2029, according to the International Monetary Fund's (IMF) Fiscal Monitor report on global fiscal developments, CE Report quotes Athens-Macedonian

Greece’s public debt, which includes deferred interest from loans taken during the memorandum period, is forecast to decrease from 168.9% of GDP in 2023 to 159% this year, and to gradually decline to 139.4% by 2029, marking a reduction of nearly 30 percentage points.

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