Greece still vulnerable, lower fiscal targets could help recovery: IMF

[September 27, 2019]  ATHENS (Reuters) - Greece should agree with its euro zone lenders on lower fiscal targets which would help it make a sustainable economic and social recovery, the International Monetary Fund said on Friday, after a mission visit to Athens.

The IMF said that the country is expected to achieve its 2019 target for a 3.5 percent of GDP primary surplus - which excludes debt servicing costs.

Growth is expected at around 2% this year and next, the Fund said, adding that one of the factors posing a risk to Greece's economic recovery is its weak banking system.

(Reporting by Lefteris Papadimas and Renee Maltezou)

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