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Greek Economy Recovering
World Economy

Greek Economy Recovering

Greek Prime Minister Alexis Tsipras said that the economy was turning a page and poised to show ‘exceptionally high’ rates of growth, despite data showing output slumped more than expected in the fourth quarter of last year, Reuters reported. Putting a brave face on delays in a bailout review with lenders, Tsipras said a national growth strategy was needed for the country. “For the present year the forecasts show that the Greek economy will show exceptionally high rates of growth after many years of recession, the highest at a eurozone level,” Tsipras told a cabinet meeting. Authorities expect growth of 2.7% this year.

 

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