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Greece's economy will expand by 2.8% in 2020 on higher investments, lower taxes

Greece's economy will expand by 2.8% in 2020 on higher investments, lower taxes
FILE PHOTO: A view shows the cityscape of Athens, Greece, October 18, 2015. REUTERS/Alkis Konstantinidis -
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Alkis Konstantinidis(Reuters)
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ATHENS (Reuters) – Greece projected its economy would grow by 2.8 percent next year on higher investments, domestic demand and tax cuts as the country recovers from a decade-long debt crisis.

Athens expects a primary surplus of 3.56 of GDP next year and its debt falling to 167% percent of GDP in 2020 from 173.3% this year, according to data of the 2020 budget formally submitted to parliament for approval on Thursday.

(Reporting by Athens Bureau)

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