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Greece Sees Growth in 2020, Putting It on Track for Fiscal Goals

Oct. 7, 2019, 8:23 AM

Greece’s government is forecasting 2.8% economic growth in 2020, putting the country on track to meet a primary surplus target it agreed on with creditors while still enacting tax relief measures.

The creditors, however, have warned that the cost of polices Prime Minister Kyriakos Mitsotakis’s government has committed to will create a shortfall of up to 900 million euros ($987.4 million) toward meeting the target of a primary surplus at 3.5% of gross domestic product for 2020.

Greece’s finance ministry insists the target will be met and sees a primary surplus of 3.56% of GDP next year.

The ...