ECONOMY

Greek FinMin sees no economic rebound on horizon

greek-finmin-sees-no-economic-rebound-on-horizon

Greece may have negative or slightly positive growth in the second half of 2015 and in the first half of next year, interim Finance Minister Giorgos Houliarakis said in a newspaper interview published on Sunday.

“There will be negative or slightly positive growth rates in the second half of 2015 and in the first half of 2016,” Houliarakis told the weekly To Vima newspaper.

Greece’s economy grew 0.9 percent in the second quarter, helped by consumer spending and tourism.

Houliarakis, Greece’s bailout negotiator, also said that there were no liquidity problems for the Greek state right now.

[Reuters]