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Athens Macedonian News Agency: News in English, 15-02-05

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek economy to grow by 2.5 pct in 2015, Commission report‏

  • [01] Greek economy to grow by 2.5 pct in 2015, Commission report‏

    ANA/MPA---Greek economic growth rate is expected to reach 1.0 pct in 2014, rising to 2.5 pct in 2015 and 3.6 pct in 2016, the European Commission said in its economic forecast report released here on Thursday.

    The Commission, however, noted that these forecasts were based on the condition of fully implementing commitments included in an economic adjustment program.

    Economic growth in the Eurozone is projected to reach 0.8 pct in 2014, 1.3 pct in 2015 and 1.9 pct in 2016, while for the EU is projected economic growth rates of 1.3 pct in 2014, 1.7 pct in 2015 and 2.1 pct in 2016.

    The unemployment rate is expected to fall from 26.6 pct in 2014 to 25 pct in 2015 and 22 pct in 2016 in Greece, while in the Eurozone the unemployment rate is projected to fall from 11.6 pct in 2014 to 11.2 pct this year and 10.6 pct in 2016.

    Greece's fiscal deficit is projected at -2.5 pct of GDP in 2014 and to return to surplus of 1.1 pct in 2015 and 1.6 pct in 2016. The country's public debt is expected to fall from 176.3 pct of GDP in 2014 to 170.2 pct this year and to 159.2 pct in 2015, while the inflation rate is projected to ease from -1.4 pct in 2014 to -0.3 pct this year and to return to positive ground (0.7 pct) in 2016.

    Investments are projected to rise from 0.8 pct in 2014 to 8.4 pct in 2015 and 15 pct in 2016.


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