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EU to cut Greece 2017 growth forecast to 2 pct - EU official
May 5, 2017 / 9:06 AM / 6 months ago

EU to cut Greece 2017 growth forecast to 2 pct - EU official

BRUSSELS, May 5 (Reuters) - The European Commission will revise down its growth forecast for Greece this year to around 2 percent from a previous 2.7 percent, an EU official said on Friday.

The European Commission will release its new forecasts on EU countries’ growth and macro-economic performances next week.

The official said the downward revision of the Greek growth forecast was mostly due to uncertainty caused by delays in concluding a new review of Greek reforms under a 86-billion-euro($94.3 billion) bailout.

A preliminary deal was reached this week among euro zone lenders and Greek authorities, which could pave the way for a new disbursement of loans to Athens in the coming weeks. ($1 = 0.9125 euros) (Reporting by Francesco Guarascio @fraguarascio; editing by Philip Blenkinsop)

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