BUSINESS

IMF revises Greek jobless rate downward

The latest International Monetary Fund forecast on joblessness in Greece revised the expected level of unemployment for this year down to 25.8 percent from 26.3 percent six months ago, and the figure for 2015 to 23.8 percent from 24.4 percent in April.

The IMF reiterated its forecast for gross domestic product to recover 0.6 percent this year followed by growth of 2.9 percent in 2015, in line with government expectations.

Inflation will remain negative in 2014, at a rate of -0.8 percent (from -0.4 percent in April), which is seen turning to a positive rate of 0.3 percent next year.

Online