IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016

Economy Tags: IOBE

Greece is expected to experience a significant recession this year and a milder one next year, while unemployment may edge up this year, according to the latest report on the Greek economy published Foundation for Economic and Industrial Research (IOBE).

Commenting on the recent agreement with the eurozone, the report notes there are a lot of positive elements that should ensure broad domestic support.

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