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Athens Macedonian News Agency: News in English, 16-04-12

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

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

CONTENTS

  • [01] IOC chief to ANA-MPA: 'We express our admiration for way Greeks are handling refugee crisis'
  • [02] Greek economy to grow by 2.7 pct in 2017, says IMF report

  • [01] IOC chief to ANA-MPA: 'We express our admiration for way Greeks are handling refugee crisis'

    The International Olympic Committee's (IOC) president, Thomas Bach, expressed his admiration on Tuesday on the way Greece and its people have responded to the refugee crisis, while stressing its solidarity with the country.

    "We want to express our admiration for the way in which Greece and Greeks are dealing with the issue of refugees," Bach said after his meeting with Greek President Prokopis Pavlopoulos in an exclusive statement to ANA-MPA.

    "As an Olympic movement, we ought to say a big thank you to Greece and Greeks for the way they are dealing with the largest crisis of our times – the refugee crisis," he continued. "I want to express my solidarity to Greece and the Greek people, but also his gratitude for the great gift it bestowed on humanity – the Olympic Games," he added.

    Bach also welcomed Pavlopoulos to IOC's headquarters and announced he will visit Greece next week to attend the lighting of the Olympic Flame in Olympia.

    [02] Greek economy to grow by 2.7 pct in 2017, says IMF report

    The Greek economy will remain in recession in 2016 but will grow by 2.7 pct in 2017, the International Monetary Fund (IMF) said on Tuesday. The IMF, in its spring estimates on world economy, said that Greece's Gross Domestic Product shrank by 0.2 pct in 2015 and estimated that the GDP will contract by 0.6 pct this year, rising by 2.7 pct in 2017. The IMF said that the inflation rate will stabilize this year (0.0 pct after an -1.1 pct rate in 2015) and will rise by 0.6 pct in 2017.

    The report said that the Greek figures for 2015 were preliminary, as the IMF lacked final fiscal projections at the moment because of ongoing negotiations with Greek authorities and European partners over setting fiscal targets in a new dynamic adjustment programme.

    The IMF also revised downwards its estimates for the global economy, expecting a 3.2 pct growth of global GDP this year and 3.5 pct in 2017, down from previous estimates made in January for growth rates of 3.4 pct in 2016 and 3.6 pct in 2017.

    The IMF sees risks and threats to the global economy linked with the outbreak of a new financial turmoil because of a shock in confidence to the system. Other possible causes of turmoil could be a prolonged period of low energy prices, a sharp fall in growth in China, while geopolitical uncertainties, political dispute, terrorism, refugee crisis and possible global epidemic outbreak


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