EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit

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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit

Economy 25/02/2014 - 17:02 Tags: Debt, EC, Unemployment

In its winter economic forecasts released on Tuesday, the European Commission (EC) notes that recent data support expectations that Greece should return to growth in 2014. Confidence indicators continue to improve, whilst hard data releases suggest the first signs of recovery.

The EC retains its headline forecasts for Greek GDP growth unchanged at 0.6 percent in 2014 and 2.9 percent in 2015. Nevertheless, there are some differentiations in the evolution of the key GDP contributors:

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