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Still in recession. The OECD expects Greece's economy to shrink in 2014 (Photo: YoungJ523)

Greece to stay in recession, warns OECD

The Greek economy will stay in recession in 2014 for the seventh consecutive year, according to the OECD.

The Paris-based Organisation of Economic Co-operation and Development (OECD) think-tank forecasts a further 0.4 percent economic slowdown next year in its economic survey of Greece published Wednesday (27 November), lower than the 0.6 percent growth currently projected by the Greek government and its creditors.

It also says that Greece will struggle to bring its debt burden b...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Still in recession. The OECD expects Greece's economy to shrink in 2014 (Photo: YoungJ523)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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