OECD sees recession in 2015-16, stresses need for reform implementation

EconomyMacroeconomy Tags: OECD

In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates on Greece and is now expecting a recession of 1.4 percent in 2015 and 1.2 percent in 2016.

In its previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively.

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