May 11, 2017 7:41 PM

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Bailout review conclusion will help outperform growth forecasts, says Greece

The conclusion of Greece's second bailout review will help the country outperform the EU Commission's revised forecast for 2.1 percent growth this year. <br/><br/>The country's government spokesman said today that after six months of talks and disagreements, Greece reached a deal with its international lenders last week on the reforms it needs to implement in the coming years, paving the way for the conclusion of a crucial bailout review and the disbursement of vital fresh loans.<br/><br/>But the delays have already hurt economic activity in the crisis-hit country. The European Commission today cut its growth forecast for Greece to 2.1 percent from 2.7 percent this year.<br/><br/>

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