- Figure 1 shows the IMF's April 2010 projections for real (inflation-adjusted) GDP.
- Note that in 2015, Greece still does not reach its pre-crisis (2008) level of GDP.
- However, these projections are already out of date; the current projections from the Greek finance ministry show a 4% decline for 2010, whereas the IMF's projections had only shown a 2% drop. Moreover, it will most likely be worse;
Result:
Greece will probably need at least eight or nine years, if things go well under the current programme, to reach pre-crisis output.
