27704
Greece May Return to Growth in Mid 2016
World Economy

Greece May Return to Growth in Mid 2016

Greece is likely to return to economic growth around the middle of next year if the government makes a serious effort to regain financial stability, European Vice President for the euro Valdis Dombrovskis said, according to Reuters. After years of recession, Greece’s economy started growing again by 0.8% in 2014 and the European Commission expected it to expand by 2.5% this year, but a rejection of agreed reforms by the left-wing government of Alexis Tsipras plunged the country back into recession. “We were forecasting 2.5% growth in Greece this year, now we expect a 2.0-2.5% recession,” Dombrovskis told Reuters on the sidelines of the International Monetary Fund’s meetings in Lima.

Short URL : https://goo.gl/gxfSlu
  1. https://goo.gl/Nz9nJa
  • https://goo.gl/66r5LR
  • https://goo.gl/o2jcoR
  • https://goo.gl/Mj84N5
  • https://goo.gl/0UgYqw

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...

Trending

Googleplus