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Greece cuts 2017 growth forecast

May 15, 2017 5:34 AM ETGlobal X MSCI Greece ETF (GREK)GREKBy: Yoel Minkoff, SA News Editor1 Comment
  • Greece has slashed its 2017 growth forecast to 1.8% from 2.7%, according to a mid-term budget plan, driven by uncertainty caused by delays in concluding its latest review of bailout reforms.
  • The projections are also lower than those of the EU Commission, which cut its growth estimates last week to 2.1%, from 2.7% predicted three months ago.
  • ETFs: GREK

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