KEPE Forecasts 6% Average Real GDP Growth Rate
The Centre of Planning and Economic Research (KEPE) stated today that Greece's yearly average growth rate of real GDP, has been predicted to hit 0.6%.
In its short-term outlook analysis on the nation's GDP, KEPE commented that this approximation, "confirmed a previous forecast that 2014 will become a transition year from a long-term recession - which lasted six years - to growth. This confirmation reflects stabilising conditions prevailing in the Greek economy, as a result of a gradual introduction of fiscal discipline, the implementation of a series of crucial structural reforms and a progressive return to normal operations of the domestic financial sector", as reported by ANA-MPA.
Related items
-
Tsipras's new party surges past PASOK to become Greece's leading opposition force
-
Shay Gal: The Hellenic Navy teaches Israel one hard lesson: how to read Turkish pressure through islands, straits, air-sea seams, and escalation thresholds.
-
Joint naval exercise between Greece and Cyprus off Larnaca and Limassol
-
Beleris on incidents in Albania: Greek properties are being encroached on to build the hotel
-
The six times Americans saw UFOs in Greece, three of them on video – What the files released by the Pentagon say