×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
16
Oct 2026
weather symbol
Athens 16°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> Economy

IMF: Greece will remain in recession by the end of 2016

IMF, though, warns that there is still a risk of Greece leaving the euro zone

Newsroom October 6 06:13

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

The Greek people should be patient until the fourth quarter of 2016 to see country’s economy returning to positive growth, as International Monetary Fund (IMF) clarifies in its World Economic Outlook report.

>Related articles

Greece inflation Hits 5.1% in September as Eurozone Rate Rises to 3.8%

Union of Greek Shipowners donates €700,000 to new chronic care facility in Kilkis

From the Property Ownership Register to new audit centres: AADE’s seven new measures

Moreover IMF warns that although at the moment the risk of Greece leaving the euro zone has diminished following the agreement on the third memorandum, it could reemerge, if policy and political uncertainty reemerge in the country.

According to the report, the economic estimates for Greece were based on information provided to IMF until August 12, 2015 and the fact the Greek government has agreed with its European partners to implement a specific program.

IMF believes that the recession will reach 2.3% this year, while the Greek economy will return to positive growth in 2020. Also, during the fourth quarter of 2016 economic growth will reach 3%.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Turkey issues second Anti-NAVTEX in hours, challenging Cyprus’s EEZ and EMC cable survey operations linking Asia and Europe

October 16, 2026

€114m VAT fraud involving smartphones; Arrests in Cyprus, Germany and Italy, searches also in Greece

October 16, 2026

Network of 30 companies, €5.6 million fraud and asset freezes: The case involving Filippos Kampouris

October 16, 2026

“The future of luxury hospitality has people at its heart”: How a top hotel group prioritises employees as much as guests

October 16, 2026

Houthis strike Yemen’s Presidential Palace with missiles and drones: Five dead, Prime Minister & cabinet ministers safe

October 16, 2026

Eight substances found in George Mazonakis’s blood, including cocaine, family-appointed expert says

October 16, 2026

Illegal gambling in Greece: How a criminal ring used rigged software and panic buttons to evade police

October 16, 2026

George Vardinogiannis, known as “The Captain”, dies aged 90

October 16, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα