KEPE Forecasts 6% Average Real GDP Growth Rate
- Written by Maria Athens
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
-
Washington Examiner: US considers leaving Incirlik and "sees" alternative in Greece
-
AHI Participates on State Department Call on Eastern Med Developments
-
Athens-Nicosia in step for the EU summit for Belarus and Turkish aggression
-
25 personalities support Greece and Cyprus against Turkish aggression in letter to the "Times"
-
Turkish foreign minister accuses Greece of 'black propaganda', attacks Joe Biden