Greeks look to 2018 as their fragile economy creaks into life

July 31, 2020 / By mobanmarket

After nearly a decade of grinding austerity, savage spending cuts and misery for millions, 2018 might just be the year when Greece finally turns the corner.

Long-suffering Greeks have been given a beacon of hope with predictions by international creditors and the Bank of Greece that the economy will grow by 2.4 per cent next year – up from 1.5 per cent this year.

After years of austerity imposed by the dreaded troika, the country is expected to wean itself off international loans in August, ending its third and final bail-out.

Things appear to be looking up.

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The last two summers have been bumper years for tourism, with 27 million visitors flocking to the sun-drenched islands of the Aegean and…

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