Greece expects marginally lower growth in 2017, higher in 2018

Greece has marginally lowered its growth projections for 2017 but upped it a notch for next year, a senior government official said on the eve of submission of the 2018 final budget draft to parliament on Tuesday.

Authorities were expecting a 1.6 percent expansion in output this year, down from a previous forecast of 1.8 percent.

The economy was expected to expand by 2.5 percent in 2018, the official told Reuters. [Reuters]