Bank of Greece sees 0.5pct growth in 2014 but warns of political risks

EconomyMacroeconomy Tags: BoG

Greece is expected to post a general government primary surplus as well as a current account surplus of 1% of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report on Monetary Policy published on Tuesday.

GDP is seen contracting at around 4 percent in 2013, while the latest macroeconomic data indicate the economy will rebound next year with a growth rate of 0.5 percent.

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