Surveys, Trends & Stats IOBE Trims Greece’s Growth Forecast Due to Lagging Bailout Progress by GTP editing team 26 April 2017 written by GTP editing team 26 April 2017 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 10 © pixabay The Greek economy will grow by up to 1.5 percent in 2017, below January forecasts by the Foundation for Economic and Industrial Research (IOBE) which had placed growth at 1.5 to 1.8 percent, but the lingering bailout negotiation process continues to fuel uncertainty. “The bailout review, once again a protracted process, has consequences that we have seen in the past – it exacerbates uncertainty,” the think-tank said in its quarterly economic review released on Wednesday. “Households and businesses have postponed their decisions until the new fiscal measures and reforms are finalized, which has a negative impact on economic activity.” The IOBE estimates that 12-month consumption will run at a 1 percent rate under the condition that bailout negotiations do not delay. “Any further delay in the agreement with Greece’s lenders poses the risk of transforming the economic crisis into social decline,” said IOBE Chairman Takis Athanasopoulos, adding that the target now should be high growth rates. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Outgoing WTTC President Calls for a Sustainable World next post Η Hands Free Academy by Axia – Nelios ανοίγει τις πύλες της στο ξενοδοχειακό κοινό You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ