Previously, the think tank had determined a small increase this year, while its GDP growth forecast is in unison with the IMF and EU’s 0.6% figure. IOBE had anticipated a 26% unemployment rate for 2014, and has now determined a 26.7% average rate, attributed to public sector layoffs mandated by troika.
The research institute believes that Greece will surpass its tourism revenue goal of 13 billion euros. Additionally, IOBE thinks that European Central Bank stress tests that will be administered later on in 2014, will reveal that the capital necessities of the nation’s four major lenders wil be tiny or almost amount to zero.
- The Ministry of Tourism and GNTO won the award of the leading tourism agency in the world (vid)
- GNTO chief Gerekou: Our aim is sustainable tourism growth
- Ankara did not like the EU sanctions resolution
- Greece ranks 5th in top tourism brands
- Number of American students studying in Greece shows steady rise, according to institute data