Greece to return to growth in second half of 2017
- Written by E.Tsiliopoulos
The current year will end with a recession of around 0.3 percent of GDP, while growth will return in the second half of 2017, Bank of Greece Governor Yiannis Stournaras said on Monday, speaking at the parliament’s Economic Affairs Committee during a debate on the bank’s annual report on monetary policy.
Stournaras said the estimated two-percent growth in the second half of 2017 will be enough to offset the negative effects of the two first quarters of recession. He also forecast that private consumption will rebound in 2017 and 2018, “despite the increase in taxation because employment will also rise”.
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