News In Brief

Ticker

Greek economy to grow 0.7%

24.07.14 @ 09:30

  1. By EUOBSERVER

Greece’s economy should grow 0.7% this year, after six years of recession the country's leading thinktank said Wednesday, reports Reuters. The IOBE research institute said that the average unemployment rate will remain a high 26.7%, and said this was due to the public sector lay-offs demanded by the country's creditors.