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Greece GDP to shrink by 25 percent

19.09.12 @ 09:41

  1. By EUOBSERVER

Greek authorities predict the country's economy will shrink by 25 percent by 2014, reports the Guardian. "The cumulative reduction [of gross domestic product] since 2008 is just under 20% and is expected to reach 25% by 2014," said the Greek minister of finance, Yannis Stournaras.