OECD sees Greek recession continuing in 2014, slower recovery to follow

EconomyMacroeconomy Tags: OECD
Photo by MacroPolis
Photo by MacroPolis

In its latest Economic Outlook report published on Tuesday, the Organisation for Economic Cooperation and Development (OECD) still expects Greek GDP to contract 0.3 percent in 2014 and rebound 1.9 percent in 2015.

The updated forecasts are marginally better compared to the previous estimates released in November 2013, which pointed to a recession of 0.3 percent this year and a recovery of 1.8 percent next year.

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