Wednesday September 17, 2014 Search
Weather | Athens
27o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek economy to bottom out in 2014 but small contraction possible, IOBE says

Greece's economy is expected to bottom out in 2014 after a six-year recession, but national output may still suffer a small contraction, Greek think tank IOBE said on Thursday taking a less optimistic view than the government and its international lenders.

Athens projects the 183 billion euro economy, which has shrunk by almost a quarter during the protracted slump, will pull out of recession and grow by 0.6 percent this year.

"While a point of balance has been achieved without stronger investment and implementation of structural reforms, this could prove fragile at a fiscal and political level," IOBE said in its quarterly report without providing detailed estimates.

The Athens-based think tank projected the country's unemployment rate would drop to 26 percent this year from an estimated 27.3 percent in 2013, helped by a rise in exports and stronger investment activity. [Reuters]

ekathimerini.com , Thursday Jan 30, 2014 (13:18)  
Sports events extend season of tourism
Govt to ask for subsidy return
Shipping sector concentrates but still expands despite crisis
First step toward transformation of Athenian Riviera
Pensions audit draws money, finds major fraud
A review of all the pensions being issued by the Greek state which started two years ago in a bid to weed out false claims has resulted in savings of 42.2 million euros, Alternate Finance Mi...
Athens dismisses Davutoglus invitation to tea on Cyprus
Turkeys new Prime Minister Ahmet Davutoglu visited the occupied part of Cyprus on Tuesday and suggested that Greek Premier Antonis Samaras should join him there for peace talks but Athens d...
Inside News
SOCCER
Mitroglou seals Olympiakoss 3-2 triumph over Atletico
Costas Mitroglou returned to scoring after 10 long months to seal a famous victory for Olympiakos in the Champions League as the Greek champion defeated visiting Atletico Madrid 3-2 on Tuesd...
SOCCER
Olympiakos, Atletico gear up for Champions League opener
A rousing 2-1 La Liga victory at Real Madrid on Saturday may suggest otherwise, but Atletico Madrid is still rebuilding after losing several key players in the close season, coach Diego Sime...
Inside Sports
COMMENTARY
Loud patriotism
I admit that whenever politicians drag religious faith and worn-out patriotism into discussions I button up. I feel the same way when I see bishops blatantly getting involved in politics. To...
EDITORIAL
In need of a second wind
Greek Prime Minister Antonis Samaras and a few of his ministers have gone to great lengths to see Greece regain credibility in the eyes of its partners. Given that the state mechanism is not...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Mitroglou seals Olympiakoss 3-2 triumph over Atletico
2. Sports events extend season of tourism
3. Govt to ask for subsidy return
4. Shipping sector concentrates but still expands despite crisis
5. First step toward transformation of Athenian Riviera
6. Pensions audit draws money, finds major fraud
more news
Today
This Week
1. In need of a second wind
2. Loud patriotism
3. Greece at bottom of social justice scale among EU28
4. Lessons not learned
5. Golden Dawn candidate found guilty of inciting racist violence
6. Promises, promises
Today
This Week
1. Greece on standby
2. A Greek God
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. EU bank tests may miss trillion dollar risk, study finds
6. Pavlos Fyssas murder trial expected to start before the end of the year
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.