71404
Tsipras: Growth  to Reach 2%
World Economy

Tsipras: Growth to Reach 2%

Greece’s economic growth rate will be close to 2% this year, slightly above the government’s revised projection, Prime Minister Alexis Tsipras said on Tuesday, Reuters reported. The crisis-hit country concluded a crucial bailout review in June and returned to bond markets for the first time in three years in July. How its economy fares is crucial as its third, €86 billion ($103.5 billion) bailout expires in 2018. Athens had projected that the economy would expand by 1.8% this year, revising downwards a previous 2.7% forecast. “The projections that 2017 will end with growth rates close to 2% will be confirmed,” Tsipras said, adding that unemployment, which now stands at 21.7%, was set to fall below 20% next year. A new state development bank aimed at funding small and medium-sized businesses will be operational in the first quarter of 2018, Tsipras said.

 

Short URL : https://goo.gl/CPZdwq
  1. https://goo.gl/2x9dLH
  • https://goo.gl/mvVzkw
  • https://goo.gl/PFzZcL
  • https://goo.gl/hMn8uT
  • https://goo.gl/V2xJAL

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus