Under its baseline scenario, IOBE sees public investment rising year-on-year, tourism revenues growing further, inflation around 4.3% and unemployment at 11%.
It also sees Greece, which emerged from its third international bailout in 2018, regaining an investment-grade credit rating in the second half of the year. It expects a small delay in reform implementation, mainly due to a national election.
Greece will hold parliamentary elections on May 21, weeks before the conservative government's term expires. But the vote is likely to be inconclusive and lead to a second ballot.
IOBE said that downside risks to growth included protracted
political uncertainty, delays in reform implementation, rising
food prices and energy costs.
(Reporting by Renee Maltezou; Editing by Christina Fincher)
