European Commission says 2014 is a turning point for Greece as growth resumes

Economy

In its autumn economic forecast released today, the European Commission (EC) highlights that 2014 would be the turning point for Greece with the domestic economy turning to growth after six years of recession.

EC retains unchanged its previous forecasts calling for GDP growth of 0.6 percent in 2014, 2.9 percent in 2015 and 3.7 percent in 2016. In addition, it stresses that in seasonally-adjusted terms – not publicly available by the statistical authorities – ...

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