OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures

EconomyMacroeconomy Tags: Debt, ELSTAT, OECD, Unemployment
Photo via OECD on Flickr https://flic.kr/p/9Lr6kk
Photo via OECD on Flickr https://flic.kr/p/9Lr6kk

In its latest Economic Outlook report released on Wednesday, the OECD slashed its Greek GDP estimates to 0.1 percent in 2015 from 2.3 percent in its previous forecast published last November.

According to the breakdown of its estimates for GDP components, private consumption is seen rising by 0.9 percent in 2015 and by 1.1 percent in 2016.

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