IMF uncertain Greece's debt is sustainable in the long term
ATHENS, Greece (AP) — Greece still faces an uphill struggle after the end of its bailout program and it is not clear that its public debt load will be sustainable in the long term, the International Monetary Fund said Tuesday.
An IMF report recommended a reduction in high direct taxes, which were imposed to right the country's public finances but also constrain growth.
The economy is expected to grow 2 percent this year and 2.4 percent in 2019 but will slow to 1.2 percent in 2022. In the long term, the IMF report said, population aging will further hinder economic activity.
Greece's bailout programs end in three weeks' time.