World Economy

Greek CB Sees 2.5% Growth

Greek CB Sees 2.5% GrowthGreek CB Sees 2.5% Growth

The Greek economy is forecast to expand by 2.5% next year–way better than this year’s anticipated 0.1%, Euronews reported. The strong growth outlook comes from Greece’s central bank, which at the same time criticized the government’s controversial plan to pay a Christmas bonus to the country’s poorest pensioners. That decision led to the eurozone’s financing arm suspending some short-term debt relief measures. The central bank is calling for “pragmatism and flexibility” so that a review of Greece’s progress on its bailout-mandated reforms can be concluded as soon as possible.

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