IOBE predicts Greek GDP growth of 2% in 2018

The Athens-based Foundation for Economic & Industrial Research (IOBE) on Wednesday forecast a GDP growth rate for Greece in 2018 at 2 percent, a figure cited in its second quarterly report of the year. In presenting the report, IOBE board chairman Takis Athanasopoulos reminded that the economic damage incurred by Greece over the crisis years – 2009 to the present – has lowered living standards in the country to neighboring Balkan states’ level, where before they once “approached” Scandinavian levels.