OECD lowers growth forecast, warns Athens to maintain fiscal credibility
New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
Current account deficit widens in March due to deteriorating goods trade balance
Central govt debt falls for first time in six quarters, easing by 1.25 bln to 357.69 bln in Q1
Industrial turnover drops by 6.7 pct in March
Primary cash balance at surplus of 232 mln in Apr
OECD sees more growth, falling unemployment in Greece
In its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.
For 2015, OECD expects GDP to accelerate to 2.3 percent (from 1.9 percent before) and further to 3.3 percent in 2016. The OECD’s new estimates for 2014 are marginally higher compared to the official projections of the troika institutions and the Greek g...
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