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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.