Greek News

Recovery of Greek economy starts next year according to the Central Bank


Greek economy to slump 4.5 pct in 2013

Greece's economy will stay in recession this year before recovery starts in 2014, the country's central banker said on Monday, urging the government to stay the course of reforms and meet fiscal targets agreed with international lenders.

"There is no doubt that 2013 will be a difficult year, but we can expect the recession to gradually wane and to start seeing positive GDP growth rates during 2014," Bank of Greece Chief George Provopoulos told the bank's shareholders meeting.

Reuters, 25 February 2013



Follow Emirates Greeks on

facebook   facebook

All Rights Reserved Emirates Greeks. Web development by adfact